Digital asset company Tether has invested in blockchain analytics firm Crystal Intelligence, saying the move will support Tether’s efforts to combat illicit stablecoin use. Crystal Intelligence provides risk monitoring, fraud detection and regulatory intelligence solutions, and Tether’s investment will strengthen the investigative tools used by enforcement agencies, regulators and institutions worldwide. With these tools, Tether will enhance its ability to help authorities trace the movement of funds in real time, Tether CEO Paolo Ardoino said. “Tether has already contributed to freezing billions in unlawful funds and has supported investigations across dozens of jurisdictions,” Ardoino said. “This strategic investment will strengthen our capacity to collaborate more effectively and reinforce a clear message: USDT is the digital dollar for the people, bad actors will be stopped.” The company’s support of law enforcement officials and investigations into criminals abusing stablecoin technology has included assisting more than 255 law enforcement agencies in 55 jurisdictions and freezing $2.7 billion USDT tied to illicit activity. In addition, both Tether and Crystal Intelligence have supported the development of a public-facing platform called Scam Alert that flags wallet addresses associated with scams and other abuses in real time.