The firm behind the top US dollar-pegged stablecoin by market cap is investing hundreds of millions of dollars in a “brain-computer-interface” (BCI) company.
In a new announcement, USDT-issuer Tether says they have invested $200 million in Blackrock Neurotech, making Tether the majority stakeholder in the firm.
According to the announcement, Blackrock Neurotech’s BCI technology has already helped physically impaired individuals with tasks like driving, typing and web browsing, all controlled by their thoughts.
Tether says its big investment will go primarily toward helping commercialize the firm’s BCI technology. It will further go towards its research and development efforts.
Says Tether CEO Paolo Ardoino of the investment,
“Blackrock Neurotech is just the beginning of our journey through Tether Evo to venture into projects that redefine the boundaries of what’s possible at the intersection of technological innovation and human potential.
Tether has long believed in nurturing emerging technologies that have transformative capabilities, and the Brain-Computer-Interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation, and cognitive enhancement.
Blackrock Neurotech represents a leap towards a future where technology not only complements but enhances our human experience, and we at Tether are proud to begin this journey with them.”
The investment was made by Tether Evo, one of Tether’s new divisions.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxGenerated Image: Midjourney