Tether plans billion-dollar investment in German start-up

- According to a Financial Times report citing anonymous sources, Tether is considering a $1.16 billion funding round for the German tech start-up Neura Robotics.
- According to reports, CEO Paolo Ardoino's company has already held talks with Neura. The deal would likely value the startup at between 8 and 10 billion US dollars.
- Following the highly successful issuance of by far the largest US dollar stablecoin, Tether continues its efforts to diversify its investment portfolio. In the first three quarters of this year alone, the company generated profits of over $10 billion – more than Deutsche Bank – and subsequently made several investments in AI, data centers, energy infrastructure, and Bitcoin mining.
- The USDT issuer also invested a considerable amount in other sectors. For example, the stablecoin giant also holds stakes in an Argentinian agricultural company, a US-based brain implant company, and the Italian football club Juventus Turin.
- “Neura is looking for new investors as it prepares to sell its humanoid robot, initially intended for industrial customers but later to be developed for use as a home robot,” according to the FT. The German company aims to produce five million units by 2030, creating an “iPhone moment for robotics.”
- In January, Neura raised almost $140 million in a funding round. The German company will also compete with Elon Musk's Tesla in the field of humanoid robots.
- Some observers also believe that the direct combination of robotics and crypto has great potential: Crypto robots could soon change the economy.
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source
- Financial Times article
Eine Quelle: btc-echo.de



