Tether CEO Paolo Ardoino has announced the company's foray into artificial intelligence with the introduction of three innovative applications: an AI translator, a voice assistant, and a Bitcoin wallet assistant.

While Tether is expanding into AI, its primary revenue stream continues to be its USDT stablecoin, which generated a remarkable $13 billion in net profits in the previous year and holds $113 billion in US treasury assets.

The new AI tools will be part of an open-source AI Software Development Kit (SDK) platform, built on Holepunch's Bare JavaScript runtime, and designed for compatibility across various hardware platforms.

Tether's Wallet Development Kit (WDK) aims to provide developers with a self-custodial toolkit that promotes financial autonomy, especially during times of market volatility.

The Bitcoin wallet assistant, known as the Tether Payment Agent, enhances user experience by allowing management of wallet tasks and executing transactions through voice commands.

Privacy and user control are central to Tether's AI applications, which will operate locally on devices to ensure self-custody of data and funds.

Following the announcement of these AI initiatives, Tether experienced a significant surge in USDT trading volumes, with over 60,000 new addresses created shortly thereafter.

The AI platform is projected to launch by the end of the first quarter of 2025, aligning with Ardoino's previous hints about Tether's ambitions in the AI space.

This move into AI follows Tether's establishment of a dedicated division in March 2024, aimed at developing open-source AI models and forming strategic partnerships.

Tether has been strategically investing in AI capabilities, including a notable investment in Northern Data, a cloud computing and AI startup, to enhance its development efforts.

In the broader market, AI-backed tokens have seen mixed results, with some experiencing significant price increases, while others, like NEAR and ICP, faced declines due to industry disruptions.

The announcement of Tether's AI initiatives follows the launch of its Wallet Development Kit, which is designed for seamless non-custodial wallet integration for Bitcoin and USDT.