tl;dr
Tether CEO Paolo Ardoino revealed that the company holds 82,454 BTC and 42.3 tons of gold as reserves for its USDT stablecoin. Additionally, Tether is developing an AI software development kit (SDK) for privacy-focused applications. The SDK, designed for diverse devices, will be open-sourced after f...
Tether CEO reveals significant Bitcoin and gold reserves for USDT stablecoin
Tether's Bitcoin reserves show strong upward trend, with plans for AI software development kit
Tether advances AI development initiative, aiming to open-source innovative SDK
Tether CEO Paolo Ardoino revealed that the company holds 82,454 BTC and 42.3 tons of gold as reserves for its USDT stablecoin. Additionally, Tether is developing an AI software development kit (SDK) for privacy-focused applications. The SDK, designed for diverse devices, will be open-sourced after final testing. Tether's AI division aims to create open-source AI models and integrate AI solutions into market-ready products.
Tether CEO Paolo Ardoino recently disclosed that the company holds a significant amount of Bitcoin and gold as reserve assets for its USDT stablecoin. This revelation comes as Tether is also advancing work on an AI software development kit (SDK).
TETHER’S USDT BITCOIN AND GOLD RESERVES
On October 26, UQUID CEO Tran Hung revealed details from Ardoino’s presentation at the recent Lugano Plan B event, noting that Tether now holds 82,454 BTC and 42.3 tons of gold as part of its reserves. Ardoino confirmed this in a subsequent post on X (formerly Twitter).
This number marks a strong upward trend for the company. In its second-quarter attestation report, Ardoino stated that the firm’s Bitcoin reserves were around 80,000 BTC. However, Bitinfo charts data shows that Tether’s publicly available Bitcoin wallet had a balance of 75,354 BTC as of press time. Over the last year, Tether has steadily increased its Bitcoin holdings through quarterly purchases as part of a diversification strategy. Meanwhile, the company’s reserve assets include not only Bitcoin but also significant holdings in gold, cash equivalents, and short-term deposits.
AI DEVELOPMENT INITIATIVE
In addition to reserve disclosures, Ardoino also previewed Tether’s forthcoming AI software development kit (SDK), designed for local, privacy-focused applications powered by peer-to-peer technology. The SDK allows developers to write code once and deploy it across diverse devices, from budget phones to advanced mainframes and even smart home systems. The SDK is also modular, supporting various models, including Marian and Llama, and uses P2P structures to store weights and fine-tuning data securely. Ardoino noted that Tether plans to open-source the SDK once it undergoes final testing, allowing broader access to this innovative tool.
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 could redefine industry standards. The stablecoin company will build innovative models and explore partnerships that integrate AI solutions into market-ready products, while advancing the scope of open AI technology.
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ENERGY & TRANSPORTATION
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116720000
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```