Tether CEO Paolo Ardoino recently revealed that the company holds large amounts of Bitcoin and gold as reserve assets for its USDT stablecoin.
This revelation comes as Tether is also working on an AI software development kit (SDK).
Tether’s USDT Bitcoin and Gold Reserve
On October 26, UQUID CEO Tran Hung revealed details of Ardoino’s presentation at the recent Lugano Plan B event, stating that Tether currently holds 82,454 BTC and 42.3 tons of gold as part of its reserves. He pointed out that he was doing so. Ardoino acknowledged this in a subsequent post on X (formerly Twitter).
“I see a lot of confusion in this thread, so let me clarify the following: — Tether holds up to $100 billion in U.S. Treasuries. — Additionally, it has over 82,000 BTC and over 48T in gold. ,” Ardoino said.
Read more: What is a stablecoin? A beginner’s guide
Tether your Bitcoin reserves. Source: Hang/X
This number shows a strong upward trend for the company. Ardoino said in its second quarter certification report that the company’s Bitcoin reserves are approximately 80,000 BTC. However, according to Bitinfo chart data, the balance in Tether’s public Bitcoin wallet was 75,354 BTC at the time of writing.
Over the past year, Tether has steadily increased its Bitcoin holdings through quarterly purchases as part of its diversification strategy. Meanwhile, the company’s reserve assets include not only Bitcoin, but also large holdings of gold, cash equivalents, and short-term deposits.
AI development initiative
In addition to disclosing preliminary information, Ardoino also previewed Tether’s upcoming AI software development kit (SDK) designed for local privacy-focused applications leveraging peer-to-peer technology. SDKs allow developers to write code once and deploy it to a variety of devices, from low-cost mobile phones to advanced mainframes and even smart home systems.
The SDK is also modular, supporting a variety of models such as Marian and Llama, and using a P2P structure to securely store weights and fine-tuning data. Ardoino noted that once Tether undergoes final testing, it plans to open source its SDK, allowing broader access to this innovative tool.
“Terher’s AI SDK is highly modular and supports any model (Marian, Llama, etc.) and loads/saves weights and data tweaks in P2P data structures. Open source and well tested. After a while,” Ardoino said.
Read more: How to buy and store different types of tethers
This initiative aligns with Tether’s latest efforts to embrace the AI revolution. The company’s new AI division aims to create open-source, multimodal AI models that can redefine industry standards. Stablecoin companies seek partnerships to integrate AI solutions into market-ready products, building innovative models and expanding the scope of open AI technologies.
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