According to CoinMeta, Tether announced the establishment of a Swiss non-profit foundation, FASE (comprising Financial Access, Systemic Empowerment Foundation, Anchorage Digital), in collaboration with Kraken, Bybit, and others. The purpose of this foundation is to provide humanitarian assistance to up to 1 million people through stablecoins. The foundation focuses on four main areas: financial security, financial inclusion, access to resources, and responsible AI along with robotics technology. The founding partners include Tether, Kraken, Bybit, Solana Foundation, Chainalysis, and Anchorage Digital among others. Among the initial projects of FASE is a partnership with the youth platform Goodwall to provide digital education and anti-fraud tools to up to 10 million young people, with a focus on Africa, Latin America, and Southeast Asia. Additionally, FASE will collaborate with United Nations trust funds to support civil organizations in various African countries that provide assistance to survivors of human trafficking.