Tether Refutes Blockchain Rumors, Focuses on AI Innovations
- Tether CEO Paolo Ardoino denies plans to develop a proprietary blockchain.
- USDT has a market capitalization of $141 billion, operating across over ten blockchains.
- USDT dominates the stablecoin market with a 63.85% share among 210 stablecoins.
- Tether is developing AI-driven applications like Bitcoin wallet assistants and translation tools.
- The company reported $13 billion in profits for 2024, leading in profitability per employee.
Tether remains committed to expanding USDT’s integration across multiple networks, with CEO Paolo Ardoino emphasizing partnerships and network diversity over launching a proprietary blockchain. The company also focuses on AI innovations while reporting significant financial success.
Source (2.6.1)https://cryptoslate.com/tether-dismisses-blockchain-rumors-doubles-down-on-ai-innovation/?rand=24433
