Tether’s presence in decentralized tech space is growing due to the launch of its developer grants program designed to fund open-source tools for local-first AI systems and independent payment infrastructure. This announcement, made on May 11, is part of a wider push by the stablecoin issuer to reduce dependency on centralized cloud services, custodial platforms as well as third-party APIs and to speed up development of peer-to-peer financial applications. According to the company, winners of the grants will gain financial support while developing inside Tether’s open technology stack with funding paid out for achieving technical milestones rather than in an
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