Tether, the issuer of the world’s largest stablecoin, USDT, is expanding its horizons into the field of artificial intelligence (AI). The company announced the launch of Tether Data, a new initiative that aims to integrate AI-based solutions into financial and communication tools.
At the heart of Tether Data is an open-source AI SDK platform built on Bare, a JavaScript runtime from Holepunch. This platform will enable developers to build AI applications for a variety of hardware, from low-cost mobile devices to high-performance servers and embedded systems.
One of Tether Data’s key differentiators is its focus on privacy and decentralization. Unlike traditional AI systems that rely on centralized cloud infrastructures, Tether’s applications will operate locally on users’ devices. This means that data will not need to be sent to external servers, reducing the risk of surveillance and data breaches.
Tether CEO Paolo Ardoino has unveiled several innovative AI-powered applications in development, including a voice assistant, an AI-based translator, and a Bitcoin wallet assistant, in an official announcement. The new features are part of the company’s plans to make artificial intelligence more accessible and useful to users.
“Tether Data, preview of some of the AI applications we are developing: AI translate, AI voice assistant, AI bitcoin wallet assistant. Tether will soon release its own open-source AI SDK platform, built on Bare (Holepunch javascript runtime), running on any hardware, from embedded devices, any mobile phone (budget or high-end), any laptop, powerful servers, server clusters. Tether Data applications will focus on working locally on any device, full privacy, self-custody (data and money),” wrote Ardoino.
Tether Data integrates with the Wallet Development Kit (WDK), an open-source self-custody toolkit launched by Tether in November 2024. Tether Data’s announcement has generated great excitement in the cryptocurrency market. The initiative is seen as an important step towards the adoption of AI in the financial sector, with the potential to transform the way we interact with our digital assets.