Tether Expands Into AI With New Applications

According to Cointelegraph, Tether, the world's largest stablecoin issuer, is advancing its efforts in artificial intelligence with several applications currently under development. Tether's AI division, Tether Data, is working on AI Translate, AI Voice Assistant, and AI Bitcoin Wallet Assistant, as announced by CEO Paolo Ardoino on February 4, 2025. Ardoino revealed that Tether plans to launch an open-source AI SDK platform built on Bare, a JavaScript runtime by Holepunch, which will be compatible with various hardware, including embedded devices, mobile phones, laptops, and powerful servers. The applications are designed to operate locally on any device, ensuring full privacy and self-custody for both data and financial transactions. A demonstration of the AI Bitcoin Wallet Assistant showcased a user interacting with a "Payment Agent" to retrieve their BTC wallet address, check their balance, and send BTC to a contact from their address book. This process was executed through an AI chatbot interface, highlighting the autonomous capabilities of the application. Tether's AI Translate functions as a simple chatbot translation tool, while the AI Voice Assistant responds to voice inputs instead of text. Tether's interest in AI became apparent in 2023 when it acquired a stake in Northern Data Group, a European crypto miner specializing in cloud computing and generative AI. In March, Tether expanded its AI operations by recruiting top-tier talent globally, aiming to push the boundaries of AI technology and set new industry standards for innovation and utility. Ardoino mentioned in December that the draft for Tether's AI platform site was ready, with a launch targeted for the end of Q1 2025. On January 31, Tether reported record-breaking profits of $13 billion for 2024 and disclosed a substantial stockpile of US government bonds, valued at approximately $113 billion. Tether's stablecoin, USDT, remains the third-largest cryptocurrency by market capitalization, reaching an all-time high of $141 billion following the issuance of an additional billion dollars on February 5.