Stablecoin giant Tether is betting on the future of neurotech and investing $200 million in a neural interface startup
The investment will be used in 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 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 have not been 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.
