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Tether’s Strategic Investment in Blackrock Neurotech
Tether, the issuer of the USDT stablecoin, has made a significant move in the healthcare sector with a $200 million investment in Blackrock Neurotech, a leading biotech company specializing in brain-computer interface (BCI) technology.
Advancing Medical Solutions
Through its venture division, Tether Evo, the stablecoin giant has become the majority stakeholder in Blackrock Neurotech, aiming to advance medical solutions for individuals affected by paralysis, neurological disorders, and lost function.
Empowering Patients with BCI Technology
Founded in 2008, Blackrock Neurotech has been at the forefront of BCI innovation, enabling patients to control devices using their thoughts. This technology has revolutionized tasks like operating robotic arms, manoeuvring wheelchairs, and communicating through brain signals.
Accelerating Commercialization and Research
Tether’s investment will accelerate the commercialization of Blackrock Neurotech’s solutions, supporting ongoing research and development efforts to maintain innovation in BCI technology.
CEO’s Vision for the Future
Tether’s CEO, Paolo Ardoino, expressed enthusiasm for the partnership, highlighting the potential of BCI technology to revolutionize communication, rehabilitation, and cognitive enhancement.
Dr. Florian Solzbacher, co-founder of Blackrock Neurotech, emphasized the shared long-term vision of both companies to advance healthcare and improve lives globally.
Tether’s Expansion and Collaboration with TON
As Tether expands its offerings beyond stablecoin services, it is leading innovation and adoption in the blockchain space.
Launch of Tether Evo
Tether Evo focuses on merging innovation and human potential to propel humanity into a future where technology and human capabilities intersect in unprecedented ways.
Collaboration with TON
Tether’s collaboration with TON, marked by the issuance of $60 million worth of USDT, has expanded accessibility and utility for users worldwide, positioning TON as the 11th blockchain to host Tether.
Partnership with Celo Blockchain
Tether’s partnership with the Celo Blockchain aims to promote the adoption of Celo solutions, offering users transparent and cost-effective access to USDT minting within the Celo ecosystem.
