Tether, the company responsible for the USDT stablecoin, has made a groundbreaking investment of $200 million in Blackrock Neurotech, a leading biotech company specializing in brain-computer interface (BCI) technology. This investment was made through Tether’s new venture division, Tether Evo, and has made Tether the majority stakeholder in Blackrock Neurotech. The goal of this partnership is to advance medical solutions for individuals suffering from paralysis, neurological disorders, and lost function.
Blackrock Neurotech, founded in 2008, has been at the forefront of BCI innovation, developing cutting-edge tools that allow patients to control devices using their thoughts. This technology has enabled individuals to perform tasks that were previously thought impossible, such as operating robotic arms and communicating through brain signals.
Tether’s investment aims to accelerate the commercialization of Blackrock Neurotech’s medical solutions, which have already shown remarkable success in improving the lives of over 40 individuals. The funding will also support ongoing research and development efforts to ensure that Blackrock Neurotech remains at the forefront of BCI technology innovation.
Tether CEO Paolo Ardoino expressed his enthusiasm for the partnership, emphasizing Tether’s commitment to nurturing emerging technologies with transformative capabilities. He also highlighted the potential of Blackrock Neurotech’s BCI technology to revolutionize communication, rehabilitation, and cognitive enhancement.
Dr. Florian Solzbacher, co-founder of Blackrock Neurotech, expressed his gratitude for Tether’s support and shared the long-term vision of both companies to advance healthcare and improve the lives of millions worldwide.
In addition to its investment in Blackrock Neurotech, Tether has also been expanding its focus beyond stablecoin offerings. With the launch of divisions like Tether Evo, the company is pushing the boundaries of what’s possible. Tether has also established a significant presence on the TON blockchain, issuing $60 million worth of USDT and becoming the 11th blockchain to host Tether.
Tether’s collaboration with TON was unveiled at the Token2049 conference in Dubai, where they introduced USDT and launched Tether Gold (XAUT) on the blockchain. This partnership has been successful, with Tether issuing $60 million within just two days. Tether has also recently launched on the Celo Blockchain, promoting the adoption of Celo solutions and making USDT more accessible to users.
Overall, Tether is leading the way in innovation and adoption, investing in cutting-edge technologies and expanding its presence on various blockchains to provide users with enhanced options and utility.