Tether, the cryptocurrency company behind the most popular stablecoin USDT The company has invested $50 million in sleep technology startup Even Sleep, valuing it at $1.5 billion, according to a Wednesday press release and Crunchbase data.
With the funding, Eight Sleep plans to develop new AI health capabilities using Tether’s QVAC architecture, a computing framework designed to process data at the device level rather than relying entirely on cloud systems.
Eight Sleep has built a sleep system equipped with sensors that can track biometric data such as nighttime heart rate and body temperature. Its flagship product, the “Pod,” regulates mattress temperature and generates sleep insights based on real-time physiological data.
“We believe advanced personalized artificial intelligence is the perfect way to understand and expand human potential,” Tether CEO Paolo Ardoino said in a statement.
The investment is the latest example of Tether moving beyond stablecoins and crypto infrastructure. The company is best known for its $183 billion USDT stablecoin, which is popular as a savings and payment instrument in emerging markets with limited access to U.S. dollars. Tether reports net profits will exceed $10 billion by 2025 and is increasingly directing those proceeds into venture capital investments in energy, payments, artificial intelligence and health technology.
Prior to this deal, Tether recently launched QVAC Health, a platform that aggregates personal health data from wearable devices and other sources, while keeping the information encrypted and under the control of the user.