Tether launches privacy-focused health platform with on-device AI

Tether has launched the QVAC Health app, emphasizing user privacy and artificial intelligence, marking a significant expansion beyond its traditional focus on stablecoins. The app utilizes on-device AI for biometric data analysis, ensuring sensitive information remains secure and off the cloud.

Tether has launched a privacy-focused health app that utilizes on-device artificial intelligence for biometric data analysis, marking its expansion into the health sector while continuing to diversify beyond cryptocurrency. This initiative aims to enhance user privacy by keeping sensitive information off the cloud.

Tether-backed Twenty One Capital faced significant market turbulence as Bitcoin's value declined, impacting the valuations of Digital Asset Trust (DAT) and compressing mNAV premiums. The firm, which recently went public via SPAC, is now under pressure to demonstrate its value beyond merely holding Bitcoin.

Tether's USDT stablecoin has been designated as an Accepted Fiat-Referenced Token by Abu Dhabi's ADGM, allowing its use across multiple blockchains including Aptos, Celo, Cosmos, and others. This regulatory recognition expands Tether's previous approvals and enhances its operational capabilities in the region.

Tether and Circle have received significant regulatory approvals in Abu Dhabi, with Tether's stablecoin recognized as an Accepted Reference Token (ARFT) and Circle obtaining a Financial Services Provider (FSP) license. These developments mark a pivotal moment for the cryptocurrency sector in the UAE, reflecting the region's commitment to fostering a regulated digital asset environment.