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TETHER CEO PAOLO ARDOINO TEASES AI PLATFORM TARGETING EARLY 2025 DEBUT


THE COMPANY, KNOWN FOR ITS $140 BILLION U.S. DOLLAR STABLECOIN USDT, HAS MADE
SIGNIFICANT EFFORTS TO EXPAND BEYOND ITS STABLECOIN OPERATIONS THIS YEAR.

By Krisztian Sandor|Edited by Nikhilesh De
Dec 20, 2024, 7:07 p.m. UTC
Tether CEO Paolo Ardoino (Tether)

WHAT TO KNOW:

 * Tether aims to debut an artificial intelligence platform in Q1 2025, CEO
   Paolo Ardoino said in an X post on Friday.
 * The company issues the $140 billion USDT stablecoin, and recently invested in
   several sectors including AI to expand beyond stablecoin issuance.



Tether, the crypto company behind the $140 billion cryptocrrency USDT, is
working on an artificial intelligence (AI) platform and aiming to debut early
next year, according an X post by CEO Paolo Ardoino.

"Just got the draft of the site for Tether's AI platform. Coming soon, targeting
end Q1 2025," Ardoino posted on Friday.

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Tether is known for issuing USDT, the most popular stablecoin in the market, but
the company recently made significant efforts under Ardoino's leadership to
expand its business beyond stablecoin issuance.

Read more: Tether’s Paolo Ardoino: Building Beyond USDT

It invested in several companies across sectors including energy, payments,
telecommunications and artificial intelligence, entered into commodities trade
financing and reorganized its corporate structure earlier this year to reflect
its broadening focus.

Last year, Tether acquired a stake in artificial intelligence and cloud
computing firm Northern Data, indicating its growing interest in AI.

While details were scarce about the upcoming AI platform, Tether's ambition to
release a product in the red-hot industry also underscores the growing
intersection of crypto and artificial intelligence.

CoinDesk reached out to Tether for more details about the upcoming product, but
the company did not reply by press time.

TetherPaolo ArdoinoArtificial Intelligence

KRISZTIAN SANDOR

Krisztian Sandor recently graduated from NYU's business and economic reporter
program as a Fulbright fellow and worked with Reuters and Forbes previously.
Originally from Budapest, Hungary, he is now based in New York. He holds BTC and
ETH.

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