- Tether launches open-source AI SDK to support crypto-driven AI applications.
- Tether integrates USDT with Bitcoin via Lightning Network for faster transactions.
- Tether’s USDT maintains stability with strong liquidity, despite market fluctuations.
Tether, the company behind the USDT stablecoin, has been tweaking certain things to integrate AI and now, here’s the latest: they have listed out plans to launch an open-sourced AI software development kit (AI SDK) on their platform. Tether’s Chief Technology Officer, Paolo Ardoino, announced that the platform is to be built on Holepunch’s Bare javaScript runtime.
The goal is to support AI-driven applications like AI translation, voice assistants, and Bitcoin wallet assistants. This move shows Tether is looking to branch out beyond stablecoins, tapping into the booming demand for artificial intelligence technologies.
Tether’s New AI SDK: Expanding User Experience
The upcoming AI SDK from Tether is made to support various AI applications that can work across all kinds of hardware, from embedded systems to larger devices. The toolkit will include AI-powered services like AI Translate, AI Voice Assistant, and AI Bitcoin Wallet Assistant, all designed to enhance the user experience within the crypto market.
These applications are expected to make it easier to use crypto for transactions, letting users interact more easily with digital assets. Also, the platform’s open-source nature means developers can freely build and modify solutions based on the SDK.
Related: Rumble and Tether Partner in $775 Million Deal to Challenge Big Tech
Tether and Bitcoin: Lightning Network Integration
On top of its AI SDK announcement, Tether is also working to connect its USDT stablecoin to Bitcoin via the Lightning Network. This implementation will enable stablecoins to work within the Bitcoin network, taking advantage of Bitcoin’s decentralization and security, plus the speed and scalability of the Lightning network.
Additionally, it has teamed up with Taproot Assets, the network that’s designed to allow for fungibility between Bitcoin and other assets, to create this liquidity integration. The implementation will be handled by Lightning Labs, the team behind the Lightning Network. This integration, according to Ardoino, will provide real-world use cases for remittances, payments, and more.
Tether’s Market Dominance
After this announcement, Tether has continued its dominance in the crypto market, boasting a market capitalization of $140.49 billion and a circulating supply of 140.47 billion USDT. Even though its value has seen some changes, the price of USDT has remained around $1, with fluctuations between 1.0001 and 1.0011.
Related: EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges
The 24-hour volume-to-market-cap ratio is at 101.25%, demonstrating strong liquidity and constant market activity, and cementing Tether’s position as a leading stablecoin in the crypto market.
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