Stablecoin Giant Tether Injects $200M into Neurotech Pioneer

Tether, renowned for its dominant stablecoin USDT, has embarked on a significant investment journey after restructuring its operations.

In a move unveiled on April 29, Tether disclosed a substantial $200 million strategic investment in Blackrock Neurotech, emerging as the principal stakeholder in the pioneering neural implant enterprise. This investment marks the debut of Tether Evo, a novel division dedicated to exploring the convergence of human potential and cutting-edge technology.

Established in 2008, Blackrock Neurotech stands as a global frontrunner in brain-computer-interface (BCI) technology, celebrated for its innovative advancements in this field.

The company is dedicated to aiding millions worldwide afflicted by paralysis, impaired function, and neurological disorders hindering basic functions like walking, seeing, and hearing.

Leveraging Blackrock Neurotech’s BCI technology, patients have achieved remarkable feats such as operating robotic limbs, controlling wheelchairs, sending messages, browsing the internet, and even driving vehicles solely through the power of their thoughts.

One of the notable milestones occurred in 2016 when Blackrock Neurotech’s patient, Nathan Copeland, controlled a robotic arm to fist bump former U.S. President Barack Obama.

Tether’s $200 million infusion aims to accelerate the commercialization and implementation of medical solutions that have already transformed the lives of over 40 individuals. Additionally, the investment will bolster research and development efforts at Blackrock Neurotech, ensuring its continued prominence in the BCI landscape, with a steadfast commitment to advancing human capabilities.

According to Tether CEO Paolo Ardoino, the collaboration with Blackrock Neurotech marks the inception of a transformative journey through Tether Evo, aimed at supporting projects that push the boundaries of technological innovation and human potential.

Florian Solzbacher, co-founder of Blackrock Neurotech, emphasized the company’s enduring commitment to enhancing human function, underscoring the importance of visionary partners like Tether in realizing their shared vision.

The investment in Blackrock Neurotech follows Tether’s recent announcement on April 18 introducing four new business divisions, signaling its diversified focus on various sectors including data, finance, power, and education.