Stablecoin Giant Tether Invests $200M In Brain-Computer Interface Startup Blackrock Neurotech

stablecoin issuer tether invested $200 million in black rock neurotech Acquires a majority stake in a brain-computer interface startup.

The Salt Lake City-based company develops brain-computer interfaces and implants that allow people to control computers and neuroprosthetics. The company had only raised $10 million before the new round from Tether. According to crunch baseBlackrock Neurotech is valued at approximately $350 million. According to Reuters.

The deal is the latest headline for brain-computer interface technology. Elon Musksan’s Neuralink. The company recently livestreamed a quadriplegic man playing a video game using one of its implants. It has raised approximately $700 million, per crunch base.

Investing in innovation

Tether’s investment in BlackRock Neurotech comes from the company’s recently launched Tether Evo division, which is “leading humanity into a future where technology and human capabilities converge in unprecedented ways. “We are dedicated to promoting this.” Website.

“Blackrock Neurotech is just the beginning of our journey through Tether Evo, challenging projects that redefine the limits of what is possible at the intersection of technological innovation and human potential.” Said Paolo Ardoino, CEO of Tether. “Tether has long believed in fostering emerging technologies with innovative capabilities. BlackRock Neurotech’s brain-computer interfaces have the potential to open new areas of communication, rehabilitation, and cognitive enhancement. It’s hidden.”

Tether is investing after pooling profits from the U.S. Treasuries and other financial instruments it holds to back its USDT stablecoin. According to Bloomberg. USDT is designed to preserve the value of the US dollar.

figure: Dom Guzman

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