Key Takeaways
- Tether plans to launch an AI platform by March 2025, as announced by CEO Paolo Ardoino.
- AI-focused projects are rapidly growing, with significant market activity noted in AI-related crypto tokens.
Tether, the largest stablecoin issuer, plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino’s announcement on X.
“Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” Ardoino wrote.
The move comes as AI-related discussions dominate the crypto sector.
On December 16, AI accounted for 51% of crypto conversations based on Kaito data. As of December 20, this has retraced to 35%, but AI still leads as the top narrative, with DeFi ranking second at 10% mindshare.
AI-focused projects have seen substantial market activity, with one of the major AI platforms, Virtuals Protocol, reaching a token price of $3.24 and a $3.2 billion market cap on December 16.
The stablecoin issuer has already expanded beyond its core business with the November launch of Hadron, a platform for tokenizing various assets including stocks, bonds, stablecoins, and loyalty points.
The platform aims to make asset tokenization accessible to a broader user base.
While details about Tether’s AI platform remain undisclosed, the initiative follows the company’s recent diversification efforts and comes amid rising valuations for AI-related tokens such as ai16z, FARTCOIN, GRIFFAIN, and ARC.
Source: https://cryptobriefing.com/tether-ai-platform-launch/