The stablecoin issuer company Tether, in conjunction with the digital banking firm Fasset, announced the launch of an innovative Visa card backed by digital gold.
Tether and Fasset have launched a Visa card that lets users spend tokenized gold through everyday purchases while earning rewards in Tether Gold.
TurboQuant cuts AI memory use by up to 5x, enabling longer local AI sessions on consumer devices.
Tether's AI Research Group announced the open-source release of TurboQuant, a production-ready implementation of the Google Research algorithm aimed at dramatically decreasing memory requirements in artificial intelligence models. The company reported that this technology integrates directly into QVAC Fabric, Tether's local AI engine.
TurboQuant's open-source release could democratize AI by enabling efficient local deployment, reducing reliance on centralized cloud services. Tether AI open-sources TurboQuant, reducing LLM KV cache memory use by 5x.
Tether's local AI focus could redefine data privacy norms, creating new utility for cryptocurrencies beyond traditional trading avenues. Tether AI hires inference engineers to advance local AI projects.
TurboQuant's open-source release could decentralize AI, reducing reliance on cloud services and empowering local devices with enhanced capabilities. Tether releases open source version of Google's TurboQuant to cut AI memory use.
Tether's USDT stablecoin shed more than $1.1 billion in market capitalization in a single day, underscoring mounting liquidity pressures across the cryptocurrency market as institutional investors pull back risk and capital rotates toward regulated alternatives.
Binance recorded approximately $420 million in net USDT outflows over a 24-hour period, according to exchange flow tracking data. The movement, focused specifically on Tether's USDT stablecoin, has drawn attention from traders monitoring liquidity shifts across major cryptocurrency exchanges.
Tether spent May 2026 widening its reach far beyond the core trading role of USDT, announcing moves across gold-backed assets, artificial intelligence, developer funding, remittances, enforcement and strategic capital deployment.
Tethers USA supply rose to 140.9M tokens in April as reserves climbed to $141.2M and stayed above supply. Tether's USA₮ supply jumps nearly 540% as reserves top $141M.
Tether has invested in LemFi to expand USDT-powered remittances across Africa and Asia, as the stablecoin issuer pushes further beyond crypto trading and deeper into cross-border payments.