Tether: the crypto company behind the largest stablecoin now focuses on AI
Tether, the crypto company behind the largest stablecoin USDT, has announced its new expansion strategy in the world of Artificial Intelligence (AI).
In order to promote the accessibility and efficiency of AI, Tether is also recruiting top talent for its new division.
Summary
Tether: the crypto company of the largest stablecoin expands into the world of AI
Tether, the famous crypto company behind the largest stablecoin USDT, has officially announced its new expansion strategy, focusing on AI (Artificial Intelligence).
“Tether expands its focus on artificial intelligence and welcomes top talent to fuel innovation”
Basically, Tether wants to commit to promoting the accessibility and efficiency of AI, further consolidating its role as a pioneer in shaping the future of technology.
His new dedicated division is Tether data which will seek to support transparency and privacy in the development of AI models.
Not only that, this “expansion of focus on AI” will focus on different key areas, such as making Tether a pioneer in the development of multimodal and open-source AI models, in order to set new industry standards.
Another aspect of Tether’s data strategy will be to establish collaborations to integrate AI solutions into market products, thus leveraging technology to address real-world challenges. Finally, Tether data will seek to advance the field of open AI, showcasing its innovative projects.
Tether: the famous crypto company recruits new high-level talents for its AI division
In order to succeed in its mission, Tether has announced a global recruitment campaign for top talent to contribute to its thriving AI division. For those who are interested in applying, Tether has made available a dedicated page to access.
In this regard, Paolo Ardoino, CEO of Tether, wanted to comment on the new announcement as follows:
“Artificial intelligence is ready to revolutionize almost every aspect of our lives, both in the real world and in the digital one. Our investment in Northern Data Group, known for resilient and high-performance technologies, aligns perfectly with our vision. Today’s announcement establishes a new division within Tether, redefining the boundaries of AI and democratizing open and privacy-respecting AI technology, while setting industry benchmarks for innovation, utility, and transparency.”
Tether continues to demonstrate its commitment to innovation by adding the dedicated AI division to its strategic investments in various sectors, such as peer-to-peer telecommunications, renewable energy, and bitcoin mining.
The largest USDT stablecoin with a market cap of 104 billion dollars
Meanwhile, taking a look at Tether’s flagship crypto product, namely its USDT stablecoin, it seems that things are going well.
At the time of writing, the market cap of USDT is 104 billion dollars, riding the general bullish trend of the cryptocurrency market.
Actually, in the last year, the market capitalization of USDT has continued to increase, albeit in a different way.
And indeed, looking at the dedicated graph, the growth curve of USDT’s market cap started to steepen from November 2023, long before the current crypto bull run.
Specifically, the market cap of USDT has increased by 5 billion dollars from April 2023 to the end of October 2023, while, in the remaining five months (from November until now) the increase has been almost 20 billion dollars.
