USDT Issuer Tether Unveils AI SDK Platform Boosting Crypto Trading
Highlights
- Paolo Ardoino, Tether's CEO, announced the AI SDK platform, via Twitter, built on Bare JavaScript runtime.
- Tether's AI SDK supports AI translation, AI voice assistant, and AI bitcoin wallet assistant, enhancing crypto transaction ease.
- USDT trading volume spiked post-announcement, reaching $154.7 billion, with AI tokens AGIX surging.
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.
Tether Introduces AI SDK Platform to Enhance Crypto Applications
Paolo Ardoino, Tether’s CEO, announced the launch of the AI SDK platform via Twitter. The AI SDK is built on the Bare JavaScript runtime, enabling compatibility with multiple hardware systems, including embedded devices. This open-source platform aims to facilitate the integration of artificial intelligence into cryptocurrency-related applications.
The AI SDK will support various functionalities such as AI translation, AI voice assistants, and AI Bitcoin wallet assistants. These tools are expected to enhance accessibility for crypto transactions, making interactions more efficient and user-friendly.
Amid the growing artificial intelligence industry, Meta has introduced the Frontier AI Framework to mitigate risks associated with AI technologies. The framework categorizes AI risks as high-risk and critical-risk, restricting development based on severity.
AI SDK Announcement Triggers Market Reaction
Following Tether’s announcement, cryptocurrency trading activity surged. USDT trading volume increased, reaching $154.7 billion across major exchanges. AI-related tokens also experienced a price jump, with SingularityNET AGIX rising by 5% to $0.37.
These shifts indicate heightened interest in AI-driven developments within the cryptocurrency sector.
Developments in artificial intelligence have been impacting the AI coins market, causing notable price fluctuations. In a recent CoinGape report, top AI coins like NEAR, ICP, RENDER, and FIL dropped 8-10% as China’s DeepSeek disrupted the industry with low-cost AI models.
On-Chain Activity Shows Growing Interest
On-chain data revealed an increase in active addresses for USDT, rising from 350,000 to 410,000 within hours of the announcement. This trend suggests broader participation in the Tether ecosystem as traders and investors respond to the AI SDK launch.
AI tokens, including AGIX, showed bullish momentum, with AGIX’s Moving Average Convergence Divergence (MACD) indicating an upward crossover.
The introduction of AI into Tether’s ecosystem has reinforced the connection between artificial intelligence and blockchain technology. The AI SDK’s capabilities suggest potential advancements in crypto applications and market analysis tools.
It is important to note that earlier, the USDT issuer reported a $13 billion profit for 2024, driven by Bitcoin, gold, and U.S. Treasuries. The company expanded its Bitcoin reserves to 84,000 BTC, while its U.S. Treasury holdings reached $94.5 billion.
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