Tether, the company behind the $186 billion USDT stablecoin, is moving beyond its cryptocurrency roots with a privacy-focused health and wellness app.
The company on Wednesday unveiled QVAC Health, built on an AI development platform and designed to allow users to track fitness, nutritional and biometric data across devices.
The app allows users to monitor health data such as pedometers, sleep trackers, and workout apps, and store it encrypted offline on their personal devices without passing it through commercial servers or collecting it for advertising purposes, the company said.
“QVAC Health reflects the company’s commitment to local intelligence that protects privacy,” said Paolo Arodino, CEO of Tether. “You don’t have to choose between having the best hardware on the market and maintaining your privacy. We’re breaking down the walls between the Big Tech ecosystem and giving you a complete picture of your health.”
The move marks Tether’s latest commitment to decentralized technology infrastructure and artificial intelligence (AI), expanding beyond finance and digital assets. Tether built QVAC, a decentralized AI platform for deploying agents and applications that can run entirely on devices, bypassing centralized cloud infrastructure.
Earlier this week, Tether announced it had invested in Italy-based company Generative Bionics as part of the startup’s €70 million ($81.5 million) funding round. The company is developing intelligent humanoid robots with advanced artificial intelligence that could be deployed in industry as early as next year.
Prior to that, Tether purchased a majority stake in brain-computer interface company BlackRock Neurotech for $200 million.
