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.

Tether’s foray into AI comes at a time when the AI crypto sector is experiencing a downturn.

Tether Reveals AI-Powered Applications

In a recent X post, Ardoino shared three clips showcasing the AI applications being developed: an AI translator, an AI voice assistant, and an AI-powered Bitcoin (BTC) wallet assistant.

“Tether Data’s apps will focus on working locally on any device, ensuring full privacy and self-custodial control over both data and money,” the post read.

The videos offered a glimpse into each app’s functionality. The AI translator enables users to translate text into multiple languages, including English (UK and US), Spanish, Portuguese, Italian, German, French, Swedish, Turkish, and Polish.

The AI voice assistant featured in the video allows users to send voice messages, which the assistant then responds to by answering questions.

Finally, the wallet AI payment agent enhances self-custodial digital asset management. It helps users with common inquiries such as checking their Bitcoin address, viewing their Bitcoin balance, or finding recipients’ names in address books. 

Importantly, the AI agent can also help users execute Bitcoin transfers seamlessly through the same interface.

Beyond these AI applications, Ardoino shared that Tether is preparing to launch its own open-source AI SDK platform. The CEO explained that this platform will be built on Bare, Holepunch’s JavaScript runtime. 

Furthermore, it will support many types of hardware. This includes embedded devices, budget smartphones, high-performance mobile phones, laptops, and powerful server clusters.

The development follows Ardoino’s previous announcement hinting at Tether’s venture into AI.

“Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” Ardoino stated in a December 2024 post.

Despite this new AI initiative, Tether’s primary revenue driver remains its USDT stablecoin. According to its latest Q4 report, the stablecoin issuer recorded $13 billion in net yearly profits. That’s not all. It also holds $113 billion in US treasury assets. 

Moreover, USDT continues to dominate the stablecoin market. It is also the fourth-largest cryptocurrency overall, with a market capitalization of $140.5 billion.

Meanwhile, Tether’s entry into AI comes amid a recent downturn in the AI crypto sector. According to CoinGecko data, the AI crypto market cap dipped 9.1% in the last 24 hours and is now at $29 billion.

AI agent-related tokens have been hit particularly hard, with the sector experiencing a 9.8% drop.

The Shiba Inu (SHIB) ecosystem announced a strategic partnership with the United Arab Emirates (UAE), suggesting blockchain integration at a federal level.

This partnership marks a milestone in global crypto adoption, making the UAE the first nation to fully embrace blockchain nationally.

Shiba Inu Secures Government Blockchain Integration

Based on the announcement, UAE’s Ministry of Energy and Infrastructure (MoEI) officially selected Shiba Inu as a key partner in advancing Web3 solutions across energy, infrastructure, and public services. The collaboration will unify Shiba Inu’s Operating System (ShibOS) across all Emirates, streamlining government services through decentralized solutions.

His Excellency Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI, articulated the partnership’s significance. He cited the UAE’s focus on novel digital services to transform government deliverables.

“By embracing emerging technologies, we aim to set a global benchmark for innovation, delivering transformative solutions that benefit both our citizens and the wider community,” the Undersecretary stated.

Shiba Inu’s lead developer, Shytoshi Kusama, reiterated the partnership’s potential to transform government services. According to Kusama, the integration would redefine how governments, businesses, and citizens collaborate in a transparent, eco-friendly digital framework.

He also explained the partnership’s role in unlocking Shiba Inu’s strong Web3 technologies, from AI to Fully Homomorphic Encryption (FHE). Notably, this includes Shiba Inu token (SHIB), Bone ShibaSwap (BONE), Doge Killer (LEASH), and Shiba Inu Treat (TREAT).

While the four tokens surged following the report, the impact was subdued as token holders cashed in on the gains.

Meanwhile, this landmark agreement adds to initiatives the Shiba Inu network is taking to expand its ecosystem. The project introduced WHY Combinator three weeks ago, an incubator designed to accelerate Web3 innovation and boost BONE utility.

On the other hand, the UAE has solidified itself as a leading jurisdiction for crypto and blockchain adoption. Beyond its partnership with Shiba Inu, the region has embraced AI-driven policymaking, paperless government services, and digital transformation at an unparalleled scale.

Four months ago, the UAE further set the stage for a crypto boom by introducing a new tax exemption policy, attracting blockchain enterprises and investment into the region. Among them is the Aptos Foundation, which recently expanded its blockchain presence in Abu Dhabi.

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