Tether, the company behind the popular stablecoin USDT, has made a significant investment after restructuring its operations. The company recently announced a strategic investment of $200 million into Blackrock Neurotech, making Tether the majority stakeholder in the neural implant company. This investment was made through Tether Evo, a new venture capital division within Tether. Blackrock Neurotech, founded in 2008, is a leader in human brain-computer interface (BCI) technology, which aims to assist people suffering from paralysis and other neurological disorders. Through Blackrock Neurotech’s brain interface technology, patients have been able to control robotic arms, wheelchairs, and even send messages using their thoughts.
Tether’s investment will be used to further develop and commercialize the medical solutions that have already been successful with over 40 individuals. It will also support ongoing research and development efforts and solidify Blackrock Neurotech’s position as a major player in the BCI field. Tether CEO Paolo Ardoino believes that this investment is just the beginning of their journey to support projects that push the boundaries of what is possible with technology and human potential. He expressed excitement about the partnership with Blackrock Neurotech, stating that it represents a move towards a future where technology enhances our human experience.
Blackrock Neurotech co-founder Florian Solzbacher also expressed enthusiasm about the partnership, highlighting the long-term nature of their mission to restore functions in people. Solzbacher believes that dedicated and visionary partners like Tether are crucial to achieving their shared vision. The announcement of this investment comes shortly after Tether introduced four new business divisions focused on different areas, including data, finance, power, and education.
Tether’s investment in Blackrock Neurotech showcases their commitment to supporting innovative projects that have the potential to make a significant impact on society. The partnership brings together Tether’s resources and expertise in the blockchain and cryptocurrency space with Blackrock Neurotech’s groundbreaking technology in the BCI field. This collaboration aims to improve the lives of millions of people worldwide who are affected by paralysis and other neurological disorders.
Tether’s priorities are all messed up. They should focus on improving their stablecoin instead of investing in random projects.