Tether has made a significant investment in Eight Sleep, valuing the health-tech startup at $1.5 billion, as part of a growing trend that sees stablecoin issuers backing innovative companies in the real-world tech sector. This investment aligns with Tether’s broader strategy of expanding its venture activities beyond cryptocurrencies, focusing on AI-powered health technology, which has seen increased interest due to the rise of sleep optimization devices that combine health monitoring with environmental controls.
Tether invests in Eight Sleep at $1.5B valuation
