tetherupdate

Some changes in the GENIUS bill are believed to help Tether achieve legal legitimacy and expand operations in the U.S. However, hopes for the passage of GENIUS are diminishing as the bill recently failed in the Senate.
The GENIUS Act (Guidance and Establishment of National Innovation for Stablecoins Act of 2025) did not pass the cloture procedure in the Senate, causing great disappointment for many supporters and slowing down the process of establishing a legal framework for digital assets in the U.S.

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According to Paolo Ardoino, the brain-computer interface of Blackrock Neurotech, a company backed by Tether, is much more advanced than Elon Musk's Neuralink.
Of all the projects Tether has invested in in recent years, one of CEO Paolo Ardoino's favorites is the company Blackrock Neurotech .
In a recent video interview, Paolo Ardoino said that the brain-computer interface company would soon have to change its name to avoid confusion with the famous asset management firm and Bitcoin ETF issuer, BlackRock.
Blackrock Neurotech technology is more advanced than Neuralink
Tether's CEO said the company is already ahead of Neuralink , the neurotechnology company founded by Elon Musk, which develops brain-computer interfaces designed to directly connect human brains to computers.
One of the initial goals of such companies is to help treat neurological disorders , such as paralysis or blindness, by implanting a small device that can record and stimulate brain activity.
In the long term, Musk envisions Neuralink enabling high-bandwidth communication between humans and machines, potentially merging human cognition with artificial intelligence.
In April 2024, Tether made a strategic investment of $200 million in Blackrock Neurotech, effectively becoming the majority shareholder of the company founded in 2008 at the University of Utah by two scientists and BCI pioneers, Dr. Florian Solzbacher and Marcus Gerhardt.
Using Blackrock Neurotech's technology, patients have operated robotic arms, maneuvered wheelchairs, sent text messages, surfed the Internet and even driven a car, all using only their thoughts, Tether said at the time. In his interview, Ardoino said:
“I think they are much more advanced than Neuralink at the moment. They have over 40 patients already. The next version of the brain chip is just crazy.”

Building a “Brain Operating System”
Like Musk, Ardoino also plans to develop a sort of “brain operating system” in the long term . The CEO of Tether said:
“What I want to do to compete differently than anyone else is to build an open source brain operating system, because I believe that in the future, in the next 15 to 30 years, this will become the next smartphone.”
Then he added:
“Maybe we’re in time to build that open source technology, so that if I were to put it into myself, I wouldn’t be controlled by [a tech giant]. I’m a paranoid guy, so I just want to make sure that everyone is playing on a level playing field.”
Tether, whose team of fewer than 200 people generated about $13 billion in revenue in 2024 and currently holds more than 100,000 BTC ($10 billion), has in recent years aggressively invested in a variety of projects beyond stablecoins across a variety of sectors, including artificial intelligence, telecommunications, data centers, energy infrastructure, and bitcoin mining.

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Bankrupt cryptocurrency lender Celsius filed a lawsuit against USDT $USDT issuer Tether in 2024, demanding the return of $2.4 billion worth of Bitcoin.
The dispute between Celsius and Tether dates back to a 2022 agreement in which Tether provided USDT to Celsius, which sent Bitcoin (BTC) $BTC as collateral.
Tether argues that Celsius is attempting to shift the blame for his own financial mismanagement onto Tether by requesting the return of approximately $2.4 billion worth of BTC (as of the date of the lawsuit), despite the liquidation being carried out at his direction and with his consent.
While the case is ongoing, the US bankruptcy court allowed Celsius’ $4 billion (the current value of BTCs) BTC liquidation lawsuit against Tether to continue.
At this point, the US bankruptcy judge rejected significant parts of Tether’s motion to dismiss the case and related motions. The judge also rejected Tether’s motion to dismiss the case.
Celsius alleges in the lawsuit that Tether improperly liquidated more than 39,500 BTC during the crypto lender’s collapse in 2022, violating contract terms and U.S. bankruptcy law. Celsius alleges that Tether panic-sold bitcoins before the required legal deadline, selling them for less than their value and without Celsius’ approval.
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Tether plans to issue new shares in a fundraising round, a move that could raise its valuation to 500 billion dollars, placing it among major companies like OpenAI and SpaceX.
Tether Holdings is in talks with investors to raise up to 20 billion dollars in a deal that would elevate the company's valuation to nearly 500 billion dollars, making it one of the largest private companies in the world by valuation.