Tether Expands Partnership with INHOPE to Tackle Online Child Exploitation

Tether, a leading entity in the digital assets realm, has announced an expansion of its collaboration with INHOPE, a prominent global network dedicated to combating online Child Sexual Abuse Material (CSAM). This partnership, established in 2023, aims to further intensify efforts to prevent the misuse of financial transactions in child exploitation scenarios, according to Tether.

Strengthening Financial Safeguards

Operating the world’s most widely utilized stablecoin, Tether has been at the forefront of transparency and safety within the industry. By integrating advanced monitoring systems and enforcing stringent safety protocols, Tether facilitates collaboration among exchanges, hotlines, and law enforcement to identify and disrupt illicit transactions related to CSAM.

Paolo Ardoino, Tether’s CEO, emphasized the role of blockchain technology in enhancing transparency and accountability. He stated, “Blockchain technology has the power to bring transparency and accountability to financial transactions, making it a powerful tool in the fight against illicit activity.” Ardoino highlighted Tether’s commitment to responsible innovation and safeguarding digital asset integrity.

Global Efforts Against Child Exploitation

Samantha Woolfe, INHOPE’s Head of Global Partnerships and Network Expansion, expressed gratitude for Tether’s enhanced involvement. She underscored the importance of cross-sector collaboration in dismantling criminal networks and protecting children. Woolfe stated, “Together, we continue to strengthen global efforts to detect, report, and remove CSAM, ensuring a safer digital world for all.”

This expansion underscores the fintech sector’s crucial role in child protection, highlighting the importance of collective action. Tether’s alliance with INHOPE continues to advance industry-wide safeguards against the exploitation of financial platforms.

About INHOPE

INHOPE is a global network committed to combating online CSAM, consisting of 57 hotlines across 52 countries. These hotlines provide anonymous reporting channels for illegal content, focusing on CSAM. Based in the Netherlands, INHOPE operates extensively across EU member states, Russia, South Africa, North & South America, Asia, Australia, and New Zealand, supported by the European Commission’s Better Internet for Kids Programme.

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