Tether invests $200M in biotech firm Blackrock Neurotech

Tether, the issuer of the dollar-pegged stablecoin USDT, has invested $200 million in the biotech firm Blackrock Neurotech via its venture division Tether Evo, The Block reported. Blackrock Neurotech will leverage this funding to support the commercialization and promotion of its medical solutions, as well as assist in its research and development efforts, according to Tether.