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Tether Buys $200 Million Majority Stake In Brain-Computer Interface Company

Tuesday April 30, 2024. 04:02 AM , from Slashdot
Crypto company Tether announced Monday that it has invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. [The firm is not related to the asset management giant BlackRock.] CoinDesk reports: Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market cap of $110 billion. Recently, Tether established four divisions to expand beyond stablecoin issuance. '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,' Paolo Ardoino, CEO of Tether, said in a statement.

Read more of this story at Slashdot.
https://science.slashdot.org/story/24/04/29/2335248/tether-buys-200-million-majority-stake-in-brain-...
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