Tether CEO: AI is Tether's Next Key Investment Area

Tether CEO: AI is Tether's Next Key Investment Area

Tether, the company behind the world’s largest stablecoin, is making artificial intelligence (AI) its next key investment area. “AI is the next key investment area,” said Tether CEO Paolo Ardoino in a YouTube broadcast. “We’re investing in AI with a focus on building decentralized AI models that run on personal devices to enhance privacy and control.” Tether is already a major player in the blockchain industry. The company’s stablecoin, USDT, is pegged to the U.S. dollar and is used by millions of people around the world to store and transfer value. By investing in AI, Tether is looking to expand its reach into new areas. Ardoino said that the company is particularly interested in using AI to decentralize various sectors such as finance, communications, and education. “Our goal is to use blockchain technology to decentralize as many sectors as possible,” said Ardoino. “AI can help us achieve that goal by making it easier to create decentralized applications and services.” Tether’s investment in AI is a sign of the growing importance of the technology in the blockchain industry. As AI continues to develop, it is likely to play an increasingly important role in the way that we interact with the blockchain and use cryptocurrencies.