Key Takeaways
- Tether plans to launch an AI platform by March 2025, as announced by CEO Paolo Ardoino.
- AI-focused projects are growing rapidly, with significant market activity noted in AI-related crypto tokens.
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Tether, the largest stable issuer, plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino's notice on X.
“I just received the version of the site for the AI Tether platform. Coming soon, targeting late Q1 2025,” Ardoino wrote.
The move comes as discussions related to AI dominate the crypto sector.
As of December 16, AI accounted for 51% of crypto-based conversations Kaito data. From December 20, this is on withdrawn to 35%but AI still leads as the main narrative, with DeFi second at 10% mindshare.
AI-focused projects have seen significant market activity, with one of the leading AI platforms, Virtuals Protocol, reaching a token price of $3.24 and a market cap of $3.2 billion on December 16.
The stablecoin issuer has already expanded beyond its core business since November Hadron launcha platform for identifying various assets including stocks, bonds, stable, and loyalty points.
The platform aims to make asset tokenization accessible to a wider user base.
While details of Tether's AI platform remain undisclosed, the venture follows the company's recent diversification efforts and comes amid rising valuations for AI-related tokens such as ai16z, FARTCOIN , GRIFFIN, and ARC.
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