The investment will be used in the research and development of Blackrock Neurotech products
Tether Holdings Ltd., the issuer of the largest stablecoin USDT, announced a massive $200 million investment in Blackrock Neurotech, a Salt Lake City company specializing in the development of advanced brain-computer interface technology. ;raquo;.
The investment was made through Tether's newly created venture capital arm Evo, according to the company's official press release. Financial details of the deal with Blackrock Neurotech were not disclosed.
Brain-computer interface technology allows you to directly connect the human brain with computer systems. This concept has become widely known thanks to the efforts of Neuralink, owned by Elon Musk. A month ago, Neuralink live-streamed a demonstration of its implant, showing how a paraplegic could control a computer with his mind.
For Tether Holdings, this investment represents a new direction of activity. The company plans to diversify its investment portfolio by using additional income from the stock of Treasury bonds and similar instruments it holds to provide stability to its USDT stablecoin. Today, the volume of USDT in circulation exceeds $80 billion.
Industry experts are closely watching this move by Tether as it could open up new horizons for the application of stablecoins and related technologies in promising areas such as neurotech.