OMG! 😰😰

Tether the world’s biggest stablecoin (USDT) issuer announced its strategic investment of $200 million into Blackrock Neurotech, a leading force in Brain-Computer-Interface (BCI) technology. According to a recent report by Tether’s official website, this massive investment is done through Tether’s venture arm, Tether Evo. Following this massive investment, Tether Evo has become the majority stakeholder in Blackrock Neurotech.

What is Blackrock Neurotech?

Blackrock Neurotech is founded in the year 2008 by Dr. Florian Solzbacher and Marcus Gerhardt at the University of Utah. Following its launch, it is now become a global leader in neuroscience and neural engineering. The main objective of Blackrock Neurotech is to empower individuals suffering from paralysis and neurological disorders by enabling them to control devices with their thoughts.

Blackrock Neurotech’s achievements are exceptional. Patients have utilized their brain interface technology to operate robotic arms, communicate, and even drive cars solely through their thoughts. Notably, a patient, Nathan Copeland, gained widespread attention in 2016 when he used Blackrock’s BCI to fist bump then-U.S. President Barack Obama, even experiencing sensation through the device.

Tether’s $200 million strategic investment

However, Tether’s massive investment will primarily support the commercialization of Blackrock Neurotech’s medical solutions, which have already benefited over 40 individuals. Additionally, this massive fund will also support Blackrock Neurotech in its research and development efforts, ensuring the company remains at the forefront of BCI innovation.

Following this strategic investment, Paolo Ardoino the CEO of Tether said, “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.”

Additionally, Tim Sievers the co-chairman of Blackrock Neurotech, highlighted the profound impact their technology could have on millions of lives and welcomed Tether as a partner in shaping the future.