USDT operator Tether hints at AI plan in 2025

Tether, the company behind the $140 billion USDT stablecoin, plans to expand into artificial intelligence by early 2025.

Paolo Ardoino, CEO of Tether posted on that the (USDT) the issuer is targeting the first quarter of next year to launch its AI platform, marking a move to diversify its business beyond U.S. dollar-pegged stablecoins.

USDT has been Tether’s primary revenue generator since its inception. However, Ardoino’s vision for the company now extends to other sectors like Bitcoin mining, energy and AI.

In 2023, Tether announced its investment in Northern Data, a cloud computing and AI startup. Northern data explored sell its crypto mining arm in October to prioritize artificial intelligence. Tether has also undergone an internal reorganization, notably venturing into commodity and energy trading finance.

Meanwhile, the USDT operator has raked in record profits this year. He generated $5.2 billion in profits during the first half of the year, and reported $4.5 billion in profits in the first quarter alone.

The company was also consolidating its presence in Europe under a new regulatory regime for digital assets. Tether supported StabIR to expand MiCA-compliant stablecoin offerings in the region. The news broke shortly after Coinbase written off USDT and other non-MiCA compliant tokens.