Tether’s AI Ambitions Continue Through Crypto Slump
Tether CEO Paolo Ardoino recently provided an overview of tether data, showing three artificial intelligence (AI) applications currently under development. As the issuer of USDT StablecoinTether is expanding its technology portfolio with a focus on AI integration.
Tether’s attempt to enter AI was at a time when the AI cryptocurrency sector was experiencing a downturn.
Tether reveals AI-powered applications
In recent X posts, Ardoino shared three clips showing AI Develop an application: AI translator, AI voice assistant and AI-powered Bitcoin (BTC) Wallet Assistant.
“Tether Data’s app will focus on working locally on any device, ensuring full privacy and self-monitoring control of data and money”, postal read.
These videos give you a glimpse into the features of each app. The AI translator enables users to translate text into multiple languages, including English (UK and US), Spanish, Portuguese, Italian, German, French, Swedish, Turkish and Polish.
The AI voice assistant that appears in the video allows the user to send voice messages, which the assistant then answers by answering questions.
Finally, wallet AI payment agents enhance self-regular digital asset management. It can help users make common queries, e.g. Check their Bitcoin addresscheck their Bitcoin balance, or find the recipient’s name in the address book.
Importantly, AI proxy can also help users perform Bitcoin transmissions seamlessly through the same interface.
In addition to these AI applications, Ardoino shared The tether is preparing for launch Its own open source AI SDK platform. The CEO explained that the platform will be built on the JavaScript runtime of Bare Holpunch.
Additionally, it will support multiple types of hardware. This includes embedded devices, budget smartphones, high-performance phones, laptops and powerful server clusters.
The development was before that after Ardoino’s previous announcement hinted at Tether’s adventures.
“Just just obtained a website draft for the Tether AI platform. It will be launched soon, ending for the first quarter of 2025.” Ardoino in December 2024 postalEssence
Despite adopting a new AI plan, this is Tether’s main revenue driver Still its USDT StablecoinEssence According to its latest fourth quarter report Stablecoin issuer records $13 billion in net annual profit. That’s not all. It also holds $113 billion of U.S. fiscal assets.
In addition, USDT continues to dominate the Stablecoin market. It is also the fourth largest cryptocurrency in general. The market value is US$140.5 billion.
Meanwhile, Tether enters AI, amid the recent downturn in the AI cryptocurrency space. According to Coingecko Data, the AI cryptocurrency market cap has dropped 9.1% in the past 24 hours and is now at $200 billion.
Tokens related to AI proxy The industry fell by 9.8%, taking a particularly severe blow.
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