Mentioned:
GROY -8.84% MTA -8.77%
Tether is betting on something new: humanoid robots.
What’s happening:
- Italian humanoid robotics startup Generative Bionics has raised approximately $81M USD in a new strategic funding round
Why it matters:
- Stablecoin giant Tether was one of the lead investors in Generative Bionics’ new financing round
Going deeper:
- Generative Bionics has developed leading edge humanoid robots that are purpose built for manufacturing, healthcare and hazardous environments
- Generative Bionics was originally incubated by the Italian Institute of Technology prior to being spun out as an independent company
The intrigue:
- Tether has been pouring cash into multiple new investments lately, including purchasing a stake in Gold Royalty Corp (NYSE: GROY) and Metalla Royalty & Streaming (NYSE: MTA)
