TRON Founder Justin Sun Teams Up with TRM Labs and Tether to Clamp Down on Criminal Activity

The taskforce, to be called the T3 Financial Crime Unit, is set to police malicious behaviour on the TRON network.

Tron has surged up the DeFi rankings to become one of the top blockchain ecosystems, but this growth has also attracted scammers. Now, Tron founder Justin Sun is teaming up with TRM Labs and Tether to form a taskforce dedicated to combating crypto crime.

The T3 Financial Crime Unit will focus on detecting and preventing the use of Tether (USDT) linked to botting, investment fraud, and other illegal activities.

Despite being banned from Tron, USD Coin is still the second-largest stablecoin by market cap, trailing only Tether (USDT). Tron’s ecosystem boasts the highest rate of USDT issuance (60.7B USDT), outpacing Web3 giants like Ethereum (53.9B USDT) and Solana (712M USDT).

Part of Tron’s relative dominance in the USDT sweepstakes is also due to the fact that Tether’s primary competitor, USD Coin (USDC), is banned from use on the DeFi network as part of its risk management policy.

Sun took to social media to announce the new taskforce, outlining the group’s mission.

Tether, TRON and TRM Labs Establish First-Ever Private Sector Financial Crime Unit to Combat Crypto Crime

Learn more:

https://t.co/l18hFvQyUp

Chris Janczewski, TRM’s lead in global investigations, followed up by emphasizing the company’s commitment to tackling crime.

Crypto still ranks lowly compared to traditional investment scams, but removing as much illegal behavior as possible will only help improve the sector’s legitimacy in the eyes of the public and perhaps more importantly, government regulators.

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