Tether CEO Paolo Ardonio laughed at the arrival of the upcoming Bitcoin wallet product, which is currently under development at the company. This Bitcoin Wallet Assistant is said to be powered by artificial intelligence (AI) and allows users to chat with AI assistants to view detailed information about their account balance, wallet address and other similar information. The service will be part of “Binding Data,” the name of the newly revealed suite of AI products that crypto companies are developing.
Tether is about to launch AI service
Tether, the issuer of USDT Stablecoin, is preparing to launch a variety of products as part of the bound data suite for AI products. These include AI translation products, AI voice assistant and this AI Bitcoin wallet assistant.
According to Ardonio, these products are developed for working on a variety of devices, from high-end phones to computers, and budget-friendly alternatives.
Tether’s CEO shared a 48-second clip from the AI Bitcoin Wallet Assistant on X. The demonstration of “Tether Paymenting Agent” shows a user getting their Bitcoin wallet address by typing a query.
Next, the video shows the user asking the AI assistant to check their bitcoin balance and transfer some tokens to the wallet address of the saved contact. After the transaction is processed, the tether payment agent will notify the user and share the transaction ID.
After initializing this service on the device, it asks the user to “assign tasks to the agent, for example, asking the agent to summarize all the latest transactions.” The service’s green and black interfaces show the user’s option to revisit their latest tasks or start a new conversation.
Ardonio, along with the Tether Payment Agent, also shared short clips of AI translation and an AI voice assistant under development. While the translation service will allow users to access text, audio or video in real time, the AI assistant will let them talk to and collect information.
The AI-focused action of tether
In March 2024, Tether announced that it would expand its focus on AI. “First, bind data plans to develop open source, multi-modal AI models to develop new industry standards. It will also lead collaborations to integrate AI solutions into market-driven products,” the company said in an official statement released at the time. To address real-world challenges. Finally, Tether Data seeks to actively interact with the wider ecosystem through community contributions to drive the field of open AI.”
Tether announced strategic investments in European AI and cloud computing companies in the United States.
The company has been looking for “top” talent, contributing to its AI initiatives for its tethered data programs from around the world, including India.
Tether is now based in El Salvador, El Salvador, and was founded in 2014. Its USDT Stablecoin is pegged to the US dollar. Tether ranks third in market valuation on the CoinMarketCap index, with a current market capitalization of over US$141 billion (approximately Rs 123,6733 crore)
