USDT operator Tether hints at AI plan in 2025

Tether, the company behind the $140 billion stablecoin USDT, plans to enter the artificial intelligence space in early 2025.

Tether CEO Paolo Ardoino stated that the X (USDT) issuer is targeting the launch of its AI platform in the first quarter of next year, a move to diversify its business focus beyond US dollar-pegged stablecoins.

I just received a draft of the site for Tether’s AI platform.
Soon, the end of the first quarter of 2025 is targeted.

🪿🤜🤛 (I got goosebumps)

— Paolo Ardoino 🤖🍐 (@paoloardoino) December 20, 2024

USDT has been Tether’s primary source of income since its founding. But Ardoino’s vision for the company now extends to other sectors such as Bitcoin mining, energy and artificial intelligence.

In 2023, Tether announced that it would invest in Northern Data, a cloud computing and artificial intelligence startup. Northern Data explored selling its crypto mining arm in October to prioritize artificial intelligence. Tether has also undergone internal restructuring, diversifying into commodity trade finance and energy, among other sectors.

Meanwhile, USDT’s operator made record profits this year. It made a profit of $5.2 billion in the first half of the year and reported a profit of $4.5 billion in the first quarter alone.

The company was also solidifying its foothold in Europe under a new digital asset regulatory regime. Tether has supported StabIR to expand its MiCA-compatible stablecoin offering in the region. The news comes shortly after Coinbase delisted USDT and other non-MiCA-compliant tokens.