Tether may lead a $1.2 billion funding round for a German robotics startup.

Odaily Planet Daily reports that Tether, the issuer of stablecoins, is considering leading a $1.16 billion funding round for German tech startup Neura Robotics and continues to explore new investment opportunities. According to sources familiar with the matter, initial talks have begun, and this funding round is expected to value Neura Robotics between $9.29 billion and $11.6 billion. Neura Robotics focuses on humanoid robot development, with its first product primarily targeting industrial clients and plans to gradually expand into the home robot market.

This stablecoin issuer generated over $10 billion in profits in the first three quarters of this year and is seeking to diversify its portfolio.