TetherCEOPaoloArdoinorecentlydisclosedthatthecompanyholdsasignificantamountofBitcoinandgoldasreserveassetsforitsUSDTstablecoin.
ThisrevelationcomesasTetherisalsoadvancingworkonanAIsoftwaredevelopmentkit(SDK).
Tether’sUSDTBitcoinandGoldReserves
OnOctober26,UQUIDCEOTranHungrevealeddetailsfromArdoino’spresentationattherecentLuganoPlanBevent,notingthatTethernowholds82,454BTCand42.3tonsofgoldaspartofitsreserves.ArdoinoconfirmedthisinasubsequentpostonX(formerlyTwitter).
“SinceIseealotofconfusioninthisthread,letmeclarifythat:—Tetherhas~100BinUStreasuries.—Plusithas82k+BTCand48T+ofgold,”Ardoinostated.
TetherBitcoinReserves.Source:Hung/X
Thisnumbermarksastrongupwardtrendforthecompany.Initssecond-quarterattestationreport,Ardoinostatedthatthefirm’sBitcoinreserveswerearound80,000BTC.However,BitinfochartsdatashowsthatTether’spubliclyavailableBitcoinwallethadabalanceof75,354BTCasofpresstime.
Overthelastyear,TetherhassteadilyincreaseditsBitcoinholdingsthroughquarterlypurchasesaspartofadiversificationstrategy.Meanwhile,thecompany’sreserveassetsincludenotonlyBitcoinbutalsosignificantholdingsingold,cashequivalents,andshort-termdeposits.
AIDevelopmentInitiative
Inadditiontoreservedisclosures,ArdoinoalsopreviewedTether’sforthcomingAIsoftwaredevelopmentkit(SDK),designedforlocal,privacy-focusedapplicationspoweredbypeer-to-peertechnology.TheSDKallowsdeveloperstowritecodeonceanddeployitacrossdiversedevices,frombudgetphonestoadvancedmainframesandevensmarthomesystems.
TheSDKisalsomodular,supportingvariousmodels,includingMarianandLlama,andusesP2Pstructurestostoreweightsandfine-tuningdatasecurely.ArdoinonotedthatTetherplanstoopen-sourcetheSDKonceitundergoesfinaltesting,allowingbroaderaccesstothisinnovativetool.
“Terher’sAISDKisextremelymodular,itusessupportsanymodel(Marian,Llama,…)andloads/storesweightsandfine-tuningdatainP2Pdatastructures.Opensourceoncebattletested,”Ardoinostated.
Readmore:HowtoBuyandStoretheDifferentTypesofTether
ThisinitiativealignswithTether’slatesteffortstoembracetheAIrevolution.Thecompany’snewAIdivisionaimstocreateopen-source,multimodalAImodelsthatcouldredefineindustrystandards.ThestablecoincompanywillbuildinnovativemodelsandexplorepartnershipsthatintegrateAIsolutionsintomarket-readyproducts,whileadvancingthescopeofopenAItechnology
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