Peer-to-peer artificial intelligence (AI) agents powered by the US dollar-pegged stablecoin USDT may soon be launched, according to a new post from Tether CEO Paolo Ardoino.
Tether Transforms Business with AI
In a post on X, Ardoino spoke about the P2P AI agent that uses USDT and LN settlement. The Tether AI update has been long-awaited, and Ardoino confirmed that everything is on track.
With this statement, the Tether CEO could be alluding to a new project his company has undertaken, one that is in the burgeoning technology space. Additionally, Ardoino said he wants agents to use local, private AI. He wants the same for BCI, cars and robots.
P2P AI Agent using USDT and LN settlement 🍐🍐🤖
All the pieces are coming together.I want my personal agents to use local, private AI.
Make your BCI use local, private AI.
Same with my car and robot.— Paolo Ardoino 🤖🍐 (@paoloardoino) July 21, 2024
This follows the initial launch of Tether, a new division focused on pioneering open-source multimodal AI models. To be precise, the program targets the use of AI solutions in commercially driven products, where the industry has been demanding greater transparency and privacy.
Tether's CEO also revealed the company's plans to invest over $1 billion in AI and biotech over the next 12 months.
Ardoino's request comes as demand for AI-enabled solutions is growing across a range of sectors, most importantly as major industry players are interested in integrating AI with cryptocurrency.
AI and cryptography coming together
Circle CEO Jeremy Allaire recently hinted at how AI and the cryptocurrency ledger could help drive U.S. GDP growth. He acknowledged that banks are trying to lower interest rates to jumpstart the economy, but he didn't think it would work given the current digital environment.
Lowering interest rates could lower borrowing costs, while stimulating industrial appetite to raise more capital to develop new products that could trigger economic growth. He therefore said that AI and cryptocurrency innovations such as digital ledgers, computing, proof and credentials could bring about efficient risk intermediation. He concluded that the integration of AI into almost all sectors is a strength that cryptocurrencies can use to bring about significant change.
The US Federal Reserve is also looking at AI's potential. The central bank believes that AI could spark economic growth in a variety of innovative ways.
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