Stablecoin giant Tether is betting on the future of neural technology by investing $200 million in a neural interface startup.
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 developing advanced brain-computer interface technology.
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 the human brain to be directly connected to 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 Tether's move as it could open up new horizons for the application of stablecoins and related technologies in promising areas such as neurotechnology.
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