Tether Expands Into AI With Launch of Tether Data

Tether, the issuer of the world’s largest stablecoin, USDT, is expanding its ambitions beyond digital assets with a new artificial intelligence (AI) platform.

CEO Paolo Ardoino announced on X that the company is developing AI applications for translation, voice assistance, and Bitcoin wallet management, with plans to launch an open-source AI software development kit (SDK) by the end of March 2025.

The initiative, dubbed Tether Data, will introduce a suite of AI-driven tools designed to run on a wide range of devices, from embedded systems and low-end smartphones to high-performance servers, Ardoino said.

The platform is built on Bare, a JavaScript runtime developed by Holepunch, ensuring compatibility across various hardware environments while prioritizing privacy and data self-custody.

Tether Data’s core offerings include AI Translate, an advanced language translation tool, AI Voice Assistant, which enhances voice-based interactions, and an AI Bitcoin Wallet Assistant, aimed at streamlining crypto transactions through AI-powered automation. These applications will be designed to operate locally on users’ devices rather than relying on cloud-based processing, reinforcing Tether’s emphasis on data privacy and security.

Tether’s foray into AI follows its strategic investment in 2023 in Northern Data, a cloud computing and AI infrastructure firm, signaling the company’s long-term interest in artificial intelligence. This laid the groundwork for Tether’s expansion into the AI sector and aligns with its broader efforts to diversify beyond stablecoin issuance.

Under Ardoino’s leadership, Tether has rapidly expanded into new sectors, including energy, payments, telecommunications, and commodities trade financing. The company also restructured its corporate framework last year to support its growing portfolio of business initiatives.

Tether to Establish Global Headquarters in El Salvador

This move follows the company’s successful acquisition of a Digital Asset Service Provider (DASP) license in the country.

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Tether’s aggressive expansion comes as it continues to dominate the stablecoin market. The company recently released its Q4 2024 attestation, revealing a $13.7 billion profit for the year and $6 billion in profit for Q4 alone. It reported $7 billion in excess stablecoin reserves, a 36% increase year-over-year, ensuring robust liquidity backing for its issued tokens.

With $23 billion USDT issued in Q4 2024 and $45 billion issued over the year, Tether remains the most widely used stablecoin, boasting a total market cap exceeding $140 billion. The firm now serves over 400 million users worldwide, primarily across emerging and developing markets.

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