news 
Tether Set to Launch AI Platform in 2025, CEO Paolo Ardoino Reveals
In a recent interview, Tether’s CEO, Paolo Ardoino, revealed that the company is planning to launch an Artificial Intelligence (AI) platform in 2025. This move marks a significant diversification of Tether’s investments and a major shift in its business strategy.
According to Ardoino, the AI platform will enable users to communicate with artificial intelligence using their cell phones. The CEO emphasized that this new venture is set to launch in the first quarter of next year, utilizing part of the company’s 2024 net profits. Notably, Tether reported an impressive 71% increase in USDT-holding wallets over the past year.
As a leading stablecoin issuer, Tether has been aggressively investing its reserves into various assets, including US dollars, to generate returns and maintain the stability of its platform. The company’s AI foray is likely to be yet another step in this direction.
Tether’s foray into AI could have significant implications for the broader cryptocurrency space. As an industry leader, Tether’s entry into AI could drive innovation and adoption across various sectors, including finance, healthcare, and more.
In related news, Tether reported a substantial surge in USDT adoption over the past year, with the number of wallets holding USDT increasing by 71%. This remarkable growth has propelled USDT to become an increasingly popular asset for business transactions. The stablecoin’s appeal lies in its low fees, instant settlement, and ease of access to traditional fiat currency.
As the cryptocurrency space continues to evolve, it is essential for investors to stay informed about developments like Tether’s AI platform launch.
Source: www.crypto-news-flash.com
