Summary
- Tether (USDT), the issuer of the dollar-pegged stablecoin, said it has invested in sleep technology company Eight Sleep.
- With this strategic investment, Eight Sleep said it has been valued at $1.5 billion.
- CEO Paolo Ardoino said Eight Sleep has the potential to define the future of healthcare technology.
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Tether (USDT), the issuer of the dollar-pegged stablecoin, has invested in sleep technology company Eight Sleep.
Tether Investments, an affiliate of Tether, said on the 4th (local time) that it made a strategic investment in Eight Sleep. The specific amount was not disclosed. The investment values Eight Sleep at $1.5 billion.
Eight Sleep provides personalized sleep analysis and improvement solutions using artificial intelligence (AI) and sensors. A Tether official said, “We are confident that health technology will increasingly become an important tool for longevity and disease prevention, helping us better understand biological functions,” adding, “Technology that turns health data into clear, practical information will shape the future of consumer health.”
Paolo Ardoino, Tether’s chief executive officer (CEO), said, “Eight Sleep has the potential to define the future of healthcare technology.” He added, “Eight Sleep is setting a new standard for longevity-focused technology that fits the way people live,” and said, “The era of human-centric healthcare intelligence has begun.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
