Tether boosts Juventus stake to 10% in latest strategic buy

Quick Summary:

Tether announced its intention to work closely with the soccer club’s leadership and stakeholders, as well as provide further financial support:“As a further demonstration of its long-term commitment, Tether is also open to participating in any future equity injections to help strengthen Juventus’s financial foundation and avoid dilution of its position.“Tether is on a shopping spreeThis is just the latest in a long series of investments by Tether.

Source: TetherTether CEO Paolo Ardoino said that the investment is not only a short-term financial maneuver but “a commitment to innovation and long-term collaboration.” He added:“We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience.

Leading crypto exchange Binance delisted Tether’s stablecoin, USDt (USDT), in the European Economic Area (EEA) earlier this month, and now a “stake in Juventus is one of the options for returning to the EU market.”What is Juventus?

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United StatesItaly

Topics: European Tether’s Bitcoin Stablecoin Club Crypto Investment Tether Obchakevich Juventus Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 15:59:19 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 632 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28195463

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