Tether Pumps $200M Into Biotech Firm as ‘Tether Evo’ Takes Off
- Tether has announced a new strategic investment.
- The investment was made through the company’s newly formed division.
- The new division seeks to bridge the gap between humans and technology.
The company said that USDT stablecoin issuer Tether has acquired the majority stake in Blackrock Neurotech through a multimillion-dollar investment.
Founded in 2008 by Dr. Florian Solzbacher and Marcus Gerhardt, Blackrock Neurotech has established itself as a leader in neuroscience, neural engineering, and neural prosthetics. The company is also a leading pioneer in Brain-Computer Interface (BCI) technology.
Read More
Dogecoin Whales Inject Coinbase With 457M DOGE: Dump Coming?
Why Ripple Decided to Replace XRP with USDT for U.S. Clients
What Shiba Inu’s Shibarium Hard Fork Means For The Community
Tether Secures Strategic Stake in Blackrock Neurotech
According to an announcement dated April 29, Tether is now the majority stakeholder in Blackrock Neurotech following a $200 million investment into the company through its newly formed venture division, Tether Evo.
Sponsored
Like its other divisions, such as Tether Edu and Tether Power, Tether Evo aims to expand Tether’s focus beyond stablecoin offerings. The division “stands at the intersection of innovation and human potential,” Tether said.
With the investment, Blackrock Neurotech is keen on commercializing and rolling out its innovative medical solutions that have already been “successfully applied to more than 40 individuals.”
“The investment will also be used to further boost Blackrock Neurotech’s RD efforts to ensure that they remain the leading BCI company now and in the future, with a long term focus on human evolution and enhancement of our species’ potential through a safe bridge between the human brain and artificial intelligence computing,” the statement read.Tether CEO Paolo Ardoino lauded the move, noting that it was the beginning of the company’s journey through Tether Evo to venture into projects that redefine the boundaries of human and tech intersection. Ardoino clarified that the investment was made outside stablecoin reserves with “own company profits.”
Sponsored
Read about Tether’s recent company restructuring:
Tether Announces Company Restructuring for Broader Crypto Play
Stay updated on Tether’s recent SOC 2 Type 1 audit:
Tether Reaffirms Security Compliance with SOC 2 Type 1 Audit
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano ($ADA) Google Searches Surge to 12-Month High
Cardano ($ADA) search interest hits a 12-month high on Google Trends, signaling growing investor curiosity.What This Means for Cardano’s Future
Did Peanut the Squirrel’s Run Slip Away? BTFD Coin’s Bulls Squad Is Exploding—Join Before It’s Too Late
Meme coins have taken over the crypto space, transforming internet culture into high-value assets.BTFD Coin’s Bulls Squad Is Leading the Meme Coin RevolutionPeanut the Squirrel—A Social Media Star Turned Meme Coin SensationFinal Words
Cardano ($ADA) Surges in Popularity with 224K Mentions
Cardano ($ADA) saw over 224K mentions in the last 7 days, signaling growing interest and engagement in the crypto space.$ADA Mentions Soar to 224K in a WeekWhat’s Driving the Hype?Could This Impact ADA’s Price?
Arctic Pablo Coin’s $0.000070 Entry Could Turn $1K into $114K—While Apu Apustaja & Act I: The AI Prophecy Make Waves in the Market
Explore the best new meme coins to join for long-term gains! Arctic Pablo Coin's presale explodes, Apu Apustaja surges, and Act I: The AI Prophecy takes AI crypto by storm.Earn While You Hold: Arctic Pablo Coin’s 66% APY Staking and Referral IncentivesApu Apustaja Surges as Community Interest PeaksAct I: The AI Prophecy Gains Traction as AI Crypto BoomsFinal Thoughts—Why Arctic Pablo Coin Stands Out
Trending news
MoreCrypto prices
More
