Stablecoin Issuer Tether Dives Deeper into AI to Improve Transparency and Privacy
On Tuesday, March 26, Tether, the world’s largest stablecoin issuer, revealed plans to invest heavily in artificial intelligence technology. In the announcement, the Tether team confirmed that the decision to prioritize AI projects aims to improve the accessibility and efficiency of this budding technology.
Tether to Invest in AI Projects
The Tether team plans to create open-source, multimodal AI systems and implement new industry standards in the proposed AI project. The announcement demonstrated that Tether seeks to leverage the power of AI to provide users with reliable and accessible solutions for digital assets.
Also, the growing demand for AI forced the stablecoin issuer to invest in this technology. AI technology is believed to offer unparalleled solutions critical in addressing modern business issues.
The distinguished features of AI have challenged businesses and investors to rely on this technology to make informed financial decisions amid the volatile crypto markets.
Based on the uncertainties in the crypto sector, investors prefer using AI-generated trading bots such as the AI Definity 1000 Platform over traditional trading methods.
The AI trading bots have posed as a transformative force, enabling traders to make informed decisions leading to positive results.
Growing Adoption of AI
With the growing demand for AI trading bots, Tether seeks to support traders in unlocking new opportunities. A statement from the chief executive of Tether Paolo Ardoino stated that AI aims to revolutionize every aspect of people’s lives.
The CEO describes AI as a revolutionary technology that changes the real and digital sectors. He explained that the Tether investing in Northern Data Group aligns with the mission of the stablecoin issues.
The Northern Data Group has been known for its resilient and high-performance technologies for years. In November, the Tether team invested $622.6 million to acquire AI cloud platforms and other software produced by Northern Data Group.
The desire to attain AI goals forced Tether to expand its workforce. Hours after the announcement, the Tether team published new job openings on the official website. According to the post, the Tether team seeks to recruit qualified professionals in the AI Engineering and AI Research and Development department. The new opening is open to remote workers in Paris, London, Milan and Madrid.
Crypto Firm Leverages AI to Boost Efficiency
The expansion of Tether’s workforce demonstrated that the stablecoin issuer seeks to join other companies leveraging AI’s power to improve efficiency and productivity.
A few days ago, the famous chipmaker Nvidia made a significant step in creating AI-oriented graphic processing units (GPUs).
A statement from a Tether spokesperson revealed that the USDT issuer plans to up its game and champion transparency and privacy in the ongoing AI projects. Citing the long waging war among the giant tech firms on monopolizing the AI sector, Tether pushes to bring transparency to AI-generated models.
A review of the performance of crypto assets demonstrated that USDT ranks as the third largest asset by market capitalization. The impressive performance of USDT portrays that the stablecoin is positioned as an alternative to the highly volatile crypto such as Bitcoin and Ether.
Despite the 2023 de-pegging of the USDT, the stablecoin overcame the hurdles and maintained the $1 price. At press time (11:08 UTC), USDT trades at $0,99, demonstrating its resilience in the volatile crypto market.
