The Tether Firm added a special tool in their customers accounts that will help to track suspicious transactions and accounts with criminal Behaviour, the software is developed by the Chainalysis, a Blockchain Firm dedicated to that field of investigation!
The Software dubbed KYT (Know Your Transactions) will be added to the Tether environment and help to track and uncover suspicious transactions or accounts with a criminal behave that will need special attention.
Tether that in partnership with Bitfinex was accused of manipulation of BTC market and addin this tool is a matter of honour and clarification to the market, assuming that they have nothing to hide!
It's not clear how the mechanism will be working, but in the name of transparence I think that is a quite good solution to the Tether Ecosystem as it lately have been involved with some polemics, first of all that claiming that they don't have enough Fiat to cover the digital issue of Tether.
To note also that Tether is on the Major Blockchain such as ERC-20, Omni among others and the company behind it also issued the Tether Gold XAUt that is pegged to physical Gold.
Let's hope this tool help to make the environment in crypto more safer!
