Tether commences active testing of Shyft solution to FAFT ‘Travel Rule’


TL;DR Breakdown:

  • Tether has commenced testing and integration of the Shyft Veriscope solution.
  • Veriscope is a decentralized solution for VASP to ensure compliance with the FAFT Travel Rule. 
  • USDT was launched on the Avalanche blockchain early this month.

Tether Inc., the company behind the largest stablecoin USDT, recently announced it has begun active testing and integration of Veriscope – the proposed decentralized solution for virtual asset service providers (VASPs) to ensure compliance with Financial Action Task Force (FATF) “Travel Rule” requirements.