Tether, the issuer of the world's largest stablecoin, is expanding its artificial intelligence (AI) capabilities. On Feb. 4, Paolo Ardoino, the company's CEO, revealed that the firm is working on several AI-driven applications while preparing to launch an open-source software development kit (SDK) platform.

Tether CTO Paolo Ardoino revealed the company is expanding beyond stablecoins to venture into Artificial Intelligence(AI). According to the CTO, the AI-backed applications will focus on working locally to guarantee full privacy.

TL;DR Tether is launching a new initiative called Tether Data to integrate AI-driven solutions into financial and communication tools. The open-source AI SDK platform, built on Bare, will support development across various hardware and emphasize privacy and decentralization.

Tether CEO Paolo Ardoino recently provided an overview of Tether Data, showcasing three artificial intelligence (AI) applications currently in development. As the issuer of the USDT stablecoin, Tether is expanding its technological portfolio with a focus on AI integration.

Yesterday, Republican Senator Bill Hagerty introduced a new bill in the Senate regarding stablecoin regulation.

Tether has previewed three AI applications for crypto management, including a voice-controlled wallet assistant, as part of its planned Q1 2025 launch of an open-source AI platform.

Tether CEO Paolo Ardoino shares a preview of the AI features that the stablecoin firm is currently developing alongside its own AI SDK platform.

Tether's AI SDK platform emphasizes privacy and self-custody.

Issuing the most popular stablecoin USDT, Tether has reported a record $13 billion in net income through 2024.

Tether, the issuer of the USDT stablecoin, has announced the development of an open-source AI Software Development Kit (SDK) platform. Paolo Ardoino, Tether's Chief Technology Officer, revealed that the platform is built on Holepunch's Bare JavaScript runtime and is designed to support AI-driven applications, including translation tools, voice assistants, and Bitcoin wallet assistants.

The Cantor Fitzgerald chair was grilled about prior bullish statements made about Tether during a recent Senate hearing.

Kraken announced the phased delisting of USDT and four other stablecoins in the European market to comply with the EU's MiCA regulations.

An independent audit reveals that stablecoin issuer Tether (USDT) had billions of dollars of excess reserves at the end of last year. According to a recent audit by accounting firm BDO Global, Tether has $143.7 billion worth of reserves and about $136.613 billion worth of liabilities, bringing it to a surplus of about $7 billion.

Tether has reported a record-breaking $13 billion in profits for 2024, solidifying its dominance in the stablecoin market.

Paolo Ardoino, CEO of Tether, the stablecoin company, has discussed the company's plans after moving to El Salvador. Ardoino disclosed the construction of a 70-story skyscraper that will be occupied by other tech and crypto companies.

It was another roller-coaster week for the crypto market as the new AI player began to dominant the US market. With the Trump administration pushed pro-crypto policies and laid out some regulatory updates. The global crypto market cap fell 5% to $3.39 trillion, while the fear and greed index stayed neutral at 47.

On Jan 30, 2025 at the inaugural PlanB Forum in El Salvador, Tether announced it is bringing USDT to Bitcoin and the Lightning Network.

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Learn how anyone can earn 5% USDT instantly with BlockDAG's updated affiliate program! Meanwhile, the Toncoin price declines & Shiba Inu partnership stirs speculation.

Bitcoin swung wildly thanks to DeepSeek fears, Fed hopes, and Trump tariffs, while Bitcoiners got mad at Ripple over U.S. reserve plans.

Kraken will discontinue support for five stablecoins to comply with Europe's crypto asset regulations.

The crypto industry is evolving at a breakneck pace, with some players managing to establish themselves well beyond their original ecosystem. Tether, the undisputed leader of the stablecoin market, has just released a financial statement that illustrates its rapid ascent.

Kraken will delist Tether's USDT and four other stablecoins in Europe to comply with MiCA regulations, following a phased approach to minimize market disruptions.

Tether Holdings' Q4 2024 report showed the company's dominance of the stablecoin market with yearly net profits exceeding $13 billion. Tether Hits All-Time Highs in U.S. Treasury Holdings Tether Holdings Limited has released its Q4 2024 attestation, confirming record-breaking financial performance with net profits exceeding $13 billion for the year.

Kraken, one of the world's largest crypto exchanges, has announced that it will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA). Meanwhile, the delisting process will unfold in multiple stages, with automatic conversions of remaining holdings set for March 31, 2025.

Tether has taken a major step in expanding its presence in the cryptocurrency ecosystem by integrating USDT into Bitcoin's core network and Lightning Network.

Crypto exchange Kraken said it will delist five stablecoins, including USDT, for users in the European Economic Area. Describing the move as a difficult decision, Kraken said the changes ultimately ensure its compliance and ability to provide an exceptional trading experience to European clients long term.

The stablecoin market hit a peak record of $224 billion, with USDT and USDC contributing the most to the growth. According to the popular cryptocurrency data aggregator CoinMarketCap, USDC is continuously gaining ground over multiple other stablecoins.

Stablecoin issuer Tether says it made $13 billion in profits during 2024. That “eye-popping” figure — as Bloomberg News put it in a report Friday (Jan. 31) — would put the closely-held company in the same company as Goldman Sachs.

T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.

Tether announced that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network. Bitcoin's ‘Unmatched' Decentralization Stablecoin issuer Tether announced Jan. 30 that USDT will be integrated into the Bitcoin ecosystem, including both its base layer and the Lightning Network.

Tether reported $7.8 billion in Bitcoin (BTC) holdings in the fourth quarter, which boosted its profits to over $13 billion last year. The company's informed price of $93,812 puts its Bitcoin stash at 83,758 BTC.

The USDT issuer has struggled to maintain dominance in the face of competition from rivals such as Circle and its USDC stablecoin.

Tether has reported a profit of $13 billion for 2024 amid diversified investments push.

The global crypto market cap stands around $3.58 trillion, down by 0.13% in the past 24 hours at the time of writing. Daily trading volume for the entire market fell 22% to around $107 billion in this period. According to CoinMarketCap, Bitcoin dominance was at 57.

Kraken announced its plan to end support for Tether's token and other non-compliant stablecoins for European clients.

The firm also saw its direct and indirect exposure to U.S. Treasuries hit a record high of $113 billion.

Tether reported net profits of $13 billion during 2024 generated by its businesses, which include the largest stablecoin USDT.

Kraken's delisting highlights the growing impact of regulatory compliance on crypto exchanges, potentially reshaping the European market landscape. The post Kraken to delist USDT and non-MiCA-compliant stablecoins in the EEA by March 31 appeared first on Crypto Briefing.

Alongside record profits, USDT issuer Tether also reported Friday it now holds over $143 billion in reserve assets to back the stablecoin.

Stablecoin issuer Tether reported $13 billion in net profit for 2024, driven by rising Bitcoin and gold prices. The company, which issues the largest stablecoin, USDT, generated $6 billion in profit in the last quarter of the year.

Tether just released its latest financial report, revealing $13 billion in net yearly profits and $113 billion in US Treasury holdings.

Tether, the company behind the $USDT stablecoin, announced plans to launch $USDT on Bitcoin's base layer and the Lightning Network. That's big, big news – $USDT carries a $140B market cap in the stablecoin sector, which itself accounts for some $224B of the $3.7T total crypto market cap.

Tethers Q4 2024 report confirms $13B profits, $113B in US Treasuries, and a $7B surplus, showcasing stablecoin growth in crypto markets. The post Tether hits record $13B profits in 2024, reinforcing stablecoin dominance appeared first on Crypto Briefing.

Last year was a great one for the crypto market, which saw strong price increases, including Bitcoin breaking the $100,000 mark for the first time. With Donald Trump winning the elections and becoming the first U.S. president to be a supporter of cryptocurrency, many crypto-related companies earned significant profits.

This move will bring stablecoins to both Bitcoin's base layer and its Lightning Network. This is made possible by a new Taproot-powered protocol called Taproot Assets, developed by Lightning Labs.

Tether's 2024 financial report highlights a net profit surpassing $13 billion.