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Tether Boosts Reserves With Over 82,000 BTC for USDT Stability Beincrypto 28 Oct 2024

Tether Boosts Reserves With Over 82,000 BTC for USDT Stability 💰

Tether CEO Paolo Ardoino has revealed that the company holds 82,454 BTC and 42.3 tons of gold as reserve assets for its USDT stablecoin. This disclosure follows recent advancements in Tether's development of an AI software development kit (SDK).

The AI SDK is intended for privacy-focused, local applications using peer-to-peer technology. It is modular, supporting models like Marian and Llama, with plans for open-source release after testing.

Tether's Bitcoin reserves mark an upward trend, with quarterly purchases increasing its holdings as part of a diversification strategy. Additionally, Tether aims to embrace AI, creating open-source AI models to redefine industry standards.

Source: beincrypto.com ↗