Tether plans AI applications for developing markets, surpasses 650M users

Tether is no longer content being the world’s largest stablecoin issuer. The company behind USDT posted a $1.5 billion net operating profit for Q2 2026 on July 31, revealed that its user base has crossed 650 million wallets, and laid out plans to build AI tools targeting health, finance, and sports in developing economies. The QVAC play: AI without the cloud At the center of Tether’s AI push is a platform called QVAC, which runs artificial intelligence features directly on users’ devices rather than routing everything through remote servers. For users in parts of Latin America, Africa, and other regions where reliable internet is more aspiration than reality, that architectural choice matters. On-device processing means the AI works even when connectivity drops. It also means personal data stays on the user’s phone instead of living on a corporate server farm. Privacy by design, not by pinky promise. The first visible product from this effort is QVAC Health, an app that consolidates fitness, nutrition, and biometric data across multiple devices. The app privately tracks user health metrics while keeping the underlying data under the individual’s control. From stablecoin to tech con...