Tether, a leading company in the digital asset industry, has revealed its foray into the realm of neurological health and human potential with the launch of Tether Evo, its new venture division. The announcement accompanies a strategic investment of $200 million into Blackrock Neurotech, a pioneer in brain-computer interface (BCI) technology.
CEO Paolo Ardoino sees this move as pivotal, describing Tether Evo as “the ultimate pillar of its long-term vision and strategy.” Ardoino underscores Tether’s dedication to investing in technologies that enhance people’s lives, citing their track record with stablecoin USDt in the finance sector. The company aims to replicate this success by backing peer-to-peer technologies and AI infrastructure through partnerships with companies like Holepunch, Keet, Pears, and Northern Data.
Tether Evo represents a natural progression for the company, with a keen focus on human potential. Ardoino emphasizes Tether’s desire to assist millions worldwide affected by paralysis, neurological disorders, and lost function, hindering basic abilities like walking, seeing, hearing, feeling, or talking.
The investment in Blackrock Neurotech aligns seamlessly with this mission. Blackrock’s groundbreaking implants have showcased remarkable capabilities, including thoughts-to-text conversion at 90 characters per minute, thoughts-to-speech at 62 words per minute, direct computer interaction, control of robotic limbs, sensory restoration, and enhanced brain-device communication.
Blackrock Neurotech has already garnered attention for its pioneering technology. In 2016, patient Nathan Copeland utilized a Blackrock BCI to control a robotic arm and fist bump of then-U.S. President Barack Obama, experiencing tactile sensation through implants in his sensory cortex. The company’s innovations empower patients to manipulate robotic arms, navigate wheelchairs, send messages, browse the web, and even drive vehicles using their thoughts alone.
What does Tether’s investment mean?
This investment coincides with Tether’s recent diversification endeavors. With a market cap exceeding $109 billion and a significant stake in US Treasury bills, Tether is expanding into peer-to-peer communications, Bitcoin mining, education, and artificial intelligence. The company introduces a multi-divisional framework comprising Tether Data, Tether Finance, Tether Power, and Tether Edu, each dedicated to fostering decentralized, resilient financial systems and promoting financial inclusion.
Ardoino underscores that Tether Evo represents a long-term commitment, stating, “Step by step. We are unstoppable together.” The company’s investment in Blackrock Neurotech and its broader vision for Tether Evo affirm its dedication to pushing the boundaries of human potential and technological advancement.
As Tether continues to evolve and broaden its horizons, both the crypto community and beyond will keenly observe how its initiatives, particularly in the biotech sector, will shape the future of finance, technology, and human progress.
