Tether has entered a formal collaboration with the United Nations Office on Drugs and Crime to strengthen community resilience against crime and protect victims across vulnerable regions.
With this, Africa has now emerged as the third-fastest-growing crypto region in the world. Growth is impelled by better financial access, ease of cross-border payments, and alternatives provided to weak banking systems.
But with fast growth, there also come increased incidents of fraud, online scams, and organized financial crime. Recently, an Interpol-led operation uncovered nearly $260 million in illicit crypto and traditional money activity across several African countries, in a stark reminder of the urgent need for stronger safeguards.
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This partnership is in line with the UNODC Strategic Vision for Africa 2030, whose foci are peace, security, and sustainable development. Tether will be sharing technical knowledge and resources to decrease people’s exposure to cybercrime and support legal economic activity.
By using blockchain tools in conjunction with education and local partnerships, the project aims to close knowledge gaps that criminals exploit. It focuses not only on enforcement but also on crime prevention, especially among young people who often early-adopt new financial technology.
One big undertaking is the Senegal Project, a multi-phased cybersecurity education for youth. It starts with structured learning and goes to a boot camp, including sessions supported by the Plan B Foundation, a partnership between Tether and the City of Lugano.
Participants will receive coaching, mentorship, and small grants to turn ideas into real, workable solutions. Besides education, the Africa Project provides funding and support to civil society organizations that directly assist victims of human trafficking.
Its activities include protection, recovery assistance, and access to basic services in Senegal, Nigeria, the Democratic Republic of Congo, Malawi, Ethiopia, and Uganda.
The project also covers the Pacific region, including Papua New Guinea. Tether and UNODC will be working together with the University of Papua New Guinea and the University of the Solomon Islands to teach financial inclusion and identification of digital asset fraud.
A student competition will be opened to submit blockchain-based solutions in crime prevention and inclusive finance.
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