As a seasoned crypto investor with a knack for recognizing potential, I find Tether’s latest move towards AI integration not just intriguing, but downright exhilarating. With my years of experience navigating the volatile and ever-evolving world of cryptocurrencies, I can confidently say that Tether’s commitment to decentralization and user sovereignty sets them apart from many in the field.
As an analyst, I’m excited to share that Tether, the stablecoin issuer, has introduced a Wallet Development Kit. This innovative tool empowers developers and businesses like myself to seamlessly incorporate non-custodial wallets supporting both Bitcoin and USDT within our applications and websites.
As stated in an announcement made on November 11, the WDK wallet development kit has been specifically created to cater to entities such as humans as well as artificial intelligences, robots, and autonomous systems.
Tether’s recently revealed software, called WDK, aligns with the “innovative idea” presented in the 2008 Bitcoin whitepaper. The purpose of WDK is to reinforce Tether’s dedication to the essential aspects of “decentralized and permissionless financial structures.” By offering developers powerful tools, WDK emphasizes “user autonomy” and control, as stated in the announcement.
The kit is designed to offer a “non-custodial” and adaptable structure that can be tailored to individual needs. According to Tether CEO Paolo Ardoino, this approach is crucial for creating “flexible, transparent, and robust financial systems.
On November 11th, in a recent post on X, Ardoino revealed that the new kit they are developing will initially be compatible with Bitcoin and USDT. They aim to extend this compatibility to all blockchains supported by Tether’s stablecoins in the future. Additionally, Ardoino mentioned that the Wallet Deployment Kit (WDK) will also grow to provide UI templates, helping to simplify wallet deployment across various platforms.
Right now, Tether is the most significant stablecoin globally, boasting a market value exceeding $124 billion. The vast majority of Tether in circulation is stored on Tron and Ethereum platforms, accounting for approximately 46.8% and 42.31% of the total supply respectively, as per DefiLlama’s latest data.
Tether’s moves in the AI sector
Launching our new AI-assisted development toolkit is in line with our pledge to integrate AI technology. This move comes after setting up our AI department in March, where we’re focusing on creating open-source AI solutions to address real-life issues.
In a August interview, Ardoino expressed that decentralization could provide essential autonomy in Artificial Intelligence, which he characterized as “heavily influenced by politics.” He emphasized back then that Tether’s investment strategy aims to bolster AI initiatives consistent with decentralization and financial independence, giving preference to projects that contest the centralized authority of dominant tech giants.
Last month, Tether unveiled its AI SDK, dubbed “Local AI,” during the Plan ₿ event in Lugano, Switzerland, offering a privacy-focused platform for running AI models locally on various devices.
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2024-11-12 10:42