Tether, the company behind the stablecoin USDT, reported a staggering $13.7 billion in profits. Tether CEO Paolo Ardoino plans to invest half of these profits into decentralized AI and a “very tall tower” in El Salvador. Despite the U.S. being a highly competitive market with numerous payment options, Tether has no current plans to enter the U.S. market. Instead, the company is focusing on global expansion, particularly in regions where access to U.S. dollars is limited.

In El Salvador, Tether is set to build a 70-story tower, aiming to inspire other companies to invest in the country. Tether has also invested over $1 billion in various sectors, including AI, BCI (brain-computer interface), Bitcoin mining, and agriculture. The company is committed to building a resilient ecosystem and is open-sourcing much of its AI software to educate people on data privacy.

Tether plans to invest half of its profits in real-world projects, particularly in AI, to empower people and make them more independent. The company is developing an AI SDK that will allow developers to create privacy-oriented AI applications, enabling users to keep their data secure and private. This initiative aims to decentralize AI without relying on blockchain or scammy tokens, giving developers full control over their code and users control over their data.