Tether invests in sleep wellness firm Eight Sleep at $1.5 billion valuation
Tether Investments made a strategic investment in sleep-technology firm Eight Sleep, valuing the company at $1.5 billion.Summary
Tether Investments has acquired a strategic stake in the sleep-technology firm Eight Sleep, valuing the company at $1.5 billion. This deal aims to integrate Eight Sleep's consumer hardware, which uses AI-powered systems to track biometrics and adjust temperature, with Tether's newly launched on-device data platform, QuantumVerse Automatic Computer (QVAC). The collaboration focuses on building AI-driven health technology that processes data locally on devices, supporting Tether's QVAC Health platform vision for user-controlled intelligence. Tether Investments, the investment arm of the USDT stablecoin issuer, has also recently invested in biotech firm Blackrock Neurotech, signaling an expansion into the medical and wellness sector.
(Source：The Block)