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Tether Eyes AI Expansion in 2025
Tether, the issuer behind the $140 billion USDT stablecoin, is set to enter the artificial intelligence sector by early 2025. CEO Paolo Ardoino revealed plans to launch an AI platform in Q1 next year, signaling a strategic shift beyond its core focus on stablecoins.
In recent years, Tether has diversified into Bitcoin mining, energy, and commodities financing, with notable investments like Northern Data, an AI and cloud computing startup. As the company explores new horizons, it continues to report record profits, generating $5.2 billion in the first half of 2024.
This move highlights Tetherās ambition to grow beyond stablecoin dominance and tap into the rapidly evolving AI landscape. 2 replies
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