Tether (USDT) Stablecoin Issuer Announces Expansion Strategy that Enters the Artificial Intelligence Sector

CEO Paolo Ardoino announced the creation of multiple AI-powered tools to improve digital asset management and communication systems.

Stablecoin issuer Tether is expanding into the artificial intelligence sector with a new initiative that will see the creation of multiple AI-powered tools to enhance digital asset management and communication systems.

A preview of some of the AI apps being developed by Tether Data: AI translate, AI voice assistant, AI bitcoin wallet assistant.

Tether will launch soon its own AI SDK platform, open-source, built upon Bare (Holepunch's javascript runtime), working on every hardware, from embedded to mobile and serverless. It's like WebAssembly, but smaller (modular stdlib) and faster (thanks to Bare, javascript runs like C).

Three AI-Powered Tools for Financial and Communication Use Cases

Tether Data showcases three AI-powered tools: an AI voice assistant, a Bitcoin wallet assistant, and an AI translator. The AI translator will cater to users with its multi-language capabilities, breaking down communication barriers between speakers. A voice control system enables device interaction with voice-based commands that execute queries and handle tasks hands-free.

The AI Bitcoin wallet assistant marks a significant development in the crypto space. Users can leverage this application to perform various Bitcoin wallet operations through voice commands and text entry functions. With verbal commands, users can view their Bitcoin balance, request the display of recipient names, and execute commands for Bitcoin address transactions. The platform introduces enhancements that optimize crypto transaction flow while enhancing user simplicity, especially for users who wish to reduce wallet complexities.

Launch of Tether Data’s Open-Source AI SDK Platform

Furthermore, Tether announced plans to launch an open-source AI Software Development Kit (SDK) platform called Tether Data. The SDK operates on Bare, a small and modular JavaScript runtime from Holepunch, and works with multiple hardware configurations. The new platform functions with diverse devices, ranging from economical smartphones to powerful servers.

The open-source platform will enhance the accessibility of AI tools, motivating developers to create applications that work on multiple devices. The AI applications operate locally on devices, protecting user data ownership while empowering decentralization and enhancing privacy through device-held control. Self-custodial services support its mission to decentralize digital asset management while eliminating dependence on external custodians for digital asset management.

Tether's Continued Innovation and Impact on the Market

As the leading stablecoin issuer in the market, the company's entry into AI technologies is set to make waves in the industry. USDT, the company's flagship product, maintains its market dominance with a current market value that exceeds $140 billion. Following the company's announcement of its AI initiatives, the market has reacted positively by increasing the values of AI-connected tokens, such as DOGEAI.

Despite the downturn in the AI crypto market, the company's entry into the field establishes Tethers as a leader in combining blockchain and AI technologies.