Tether, the entity behind the market-leading USDT stablecoin, is preparing to broaden its technological scope with the introduction of Tether AI, according to an announcement from CEO Paolo Ardoino.
Ardoino described the project as an effort to build an open-source artificial intelligence runtime environment.
Platform Features and Capabilities
The system under development aims for widespread applicability, designed to function on any type of hardware or device.
Crucially, it will feature built-in capabilities for handling cryptocurrency payments through integration with Tether’s existing Wallet Development Kit (WDK).
Tether’s USDT stablecoin currently dominates the market with a capitalization of roughly $149 billion.
CEO’s Vision for Decentralized AI Network
Detailing the vision for the soon-to-be-launched Tether AI via the social media platform X, Ardoino outlined its core characteristics.
He described it as “A fully open-source AI runtime, capable of adapting and evolving on any hardware and device, no API keys, no central point of failure, fully modular and composable, WDK-infused to enable USDT and Bitcoin payments.”
Ardoino further stated that the “Tether AI tech will enable an unstoppable peer-to-peer network of billions of AI agents.”
Alignment with Industry Trends
This development comes at a time when artificial intelligence is a major focus within the crypto industry.
AI agents, frequently utilizing large language models (LLMs), are increasingly being deployed for tasks such as automating crypto payments and employing natural language processing to evaluate market trends using real-time data.
Potential Ecosystem Integration
The project has launched a website, Tether.ai, which suggests potential future integration with other Tether products, possibly including its peer-to-peer messaging app, Keet, alongside various data analysis tools.
Tether’s Ongoing AI Engagement
Tether’s engagement in the artificial intelligence field has been growing over recent years.
To support its AI ambitions, the company made an undisclosed investment in the German data center firm Northern Data in September 2023.
Later that year, Tether expanded its financial involvement by increasing Northern Data’s debt financing facility to $610 million, as previously reported by The Block, alongside other strategic moves in the AI space.
Also Read: Tether Eyes Big Four Audit Due to Regulatory Pressure
