Tether, the company behind the $186 billion USDT stablecoin, is moving further beyond its cryptocurrency roots with a privacy-focused health and wellness app.
On Wednesday, the company launched QVAC Health, a product built on its artificial intelligence development platform designed to give users control over tracking their fitness, nutrition and biometric data across devices.
The company says the app lets users monitor their health data — such as pedometers, sleep trackers, exercise apps — and keep it offline and encrypted on personal devices without going through commercial servers or being collected for advertising.
“QVAC Health exemplifies the company’s commitment to protecting the privacy of local intelligence,” said Paolo Arodino, CEO of Tether. “You don’t have to choose between using the best hardware on the market and maintaining privacy. We’re breaking down the barriers between large tech ecosystems so you can have a complete view of your health.”
The move marks Tether’s latest move into decentralized technology infrastructure and artificial intelligence (AI), expanding its business beyond finance and digital assets. Tether built QVAC, a decentralized artificial intelligence platform for deploying agents and applications that can run entirely on devices, bypassing centralized cloud infrastructure.
Earlier this week, Tether said it invested in an Italian company, Generative Bionics, as part of a €70 million ($81.5 million) funding round for the startup. The company develops intelligent humanoid robots with advanced artificial intelligence, with plans for industrial deployment as early as next year.
Previously, Tether acquired a majority stake in brain-computer interface company Blackrock Neurotech for US$200 million.