Tether, the issuer of the USDT stablecoin, has announced the creation of a dedicated artificial intelligence division.

The expansion of Tether’s AI efforts aims to develop open-source AI models and foster collaboration to integrate these advances into practical solutions.

“The division will develop open-source AI models and collaborate with other companies to integrate them into products that can solve real-world problems,” the company said in a statement released on March 26.

– Tether is hiring a head of AI R&D and AI engineers. A mind-boggling stream of projects and investments in development. Tether recently secured an essential investment in one of the largest AI infrastructure providers in the world… so access to AI computing (GPUs, …) will never be a problem, – Paolo Ardoino wrote in a post on X (Twitter).

As part of the launch, Tether is launching a recruitment campaign for the division, posting job openings for a Head of AI R&D and an AI engineer on its official website. Tether is universally recognized for creating the USDT stablecoin, a digital currency pegged to the U.S. dollar with a market capitalization of $105 billion.

The move toward AI is part of a broader effort that began last year with Tether’s investment in Northern Data. That company, listed on the Frankfurt Stock Exchange, has moved from mining cryptocurrencies to providing computing resources for AI-based data analysis.