PANews reported on November 15th, citing the Financial Times, that stablecoin issuer Tether is in talks with humanoid robot manufacturer Neura Robotics to lead a €1 billion funding round. The deal is expected to value Neura between $9.29 billion and $11.6 billion. Tether reported profits exceeding $10 billion in the first three quarters of this year and is seeking to diversify its investment portfolio.

In January of this year, Neura raised nearly $140 million in a funding round, with investors including BlueCrest, C4 Ventures, Lingotto, and Volvo Cars Technology Fund. The German company will compete with Elon Musk's Tesla, which plans to mass-produce robots.