Tether Invests $200M Into Elon Musk’s Neuralink Rival Blackrock Neurotech
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 29 2024- Tether's Strategic Investment: Tether, known for its stablecoin USDT, has invested $200 million in Blackrock Neurotech, a competitor of Elon Musk's Neuralink, to support Brain-Computer Interface (BCI) technology.
- Expansion Plans: Tether is expanding beyond stablecoins into sectors like data, education, and power, aligning with the investment in Blackrock Neurotech.
- Blackrock Neurotech Background: Blackrock Neurotech, founded in 2008, focuses on neuroscience, neural engineering, and prosthetics to help those with paralysis and neurological disorders.
- Diversification Efforts: Tether's investment marks a significant diversification of operations, moving beyond stablecoins into infrastructure solutions.
- Market Impact: Tether's USDT coin saw a surge in trading volume after the announcement, indicating market interest in the company's strategic moves.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
