Stablecoin company and USDT issuer Tether is planning to venture into the artificial intelligence market. Tether CEO Paolo Ardoino has revealed the company's plans to launch a platform enabling AI interaction via mobile phones.
Tether's AI Innovations
Tether plans to launch its artificial intelligence platform in the first quarter of 2025. This initiative will allow users to interact with AI through their mobile devices. The company is focusing on technology development and innovation.
Tether's Financial Outlook
According to Paolo Ardoino, Tether plans to allocate at least half of its profits to AI and other investments next year. "Next year we plan to deploy at least half of the profits in investment. Our investment is just at the beginning."
USDT's Growing Popularity
Data from CoinMarketCap shows that USDT's market cap reached about $140 billion in 2024, up by nearly $50 billion this year. The demand for the stablecoin surged as the crypto market rallied with Bitcoin breaching the six-digit mark. In a report published earlier this month, Tether announced a 71% increase in the number of wallets holding USDT in 2024.
Tether's plans to invest in artificial intelligence mark a significant step in the company's development, showcasing its commitment to innovation. The launch of the AI platform is expected to impact the market and offer new possibilities for users.
