Major U.S. debt holder invests in sleep fitness company
Yahoo Finance·2026-03-04 20:50
Tether Investments, the independent investment arm of the popular cryptocurrency firm Tether, announced on March 4 that it has a strategic investment at a $1.5B valuation in Eight Sleep. Tether is well-known for its stablecoins, USDT and USAT. Related: Gold giant nears $375B valuation with shocking 99% profit margin A stablecoin is a type of cryptocurrency that, unlike traditionally volatile cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), keeps its value stable by being pegged to a "stable" asse ...