CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinGape 2025-02-14 14:48:47

USDT Issuer Tether Announces ‘Strategic’ Investment In Juventus

Tether Investments has announced a strategic investment in the Italian football club Juventus. This comes amid JP Morgan’s statement that the USDT issuer might need to sell its Bitcoin holdings to comply with US stablecoin regulations. Tether Announces Strategic Investment In Juventus In a blog post , Tether revealed that its investment arm has acquired a strategic minority stake in Juventus Football Club, one of the “most successful and iconic football clubs” in the world. The stablecoin issuer remarked that the investment marks a significant milestone for the firm as it is now uniquely positioned to integrate its futuristic portfolio in the realms of the sports industry. While blockchain technology has become an integral part of the professional sports industry with a view to enhancing the fan experience, Tether stated that it is looking to deliver a sports-digital asset synergy at a new level with its acquisition of a minority ownership stake in Juve. The firm also revealed that, through its investment arm, it is looking at its strategic investments in sports franchises worldwide, integrating its digital assets, payments, and newly acquired AI and biotech expertise into the sports industry, and assembling a top-tier advisory team for this initiative. Tether also alluded to its official sole kit sponsorship of FC Lugano, a football club that competes in the Swiss Super League. According to the firm, this sponsorship, coupled with the minority stake in Juve, underscores its dedication to promoting blockchain technology and stablecoin adoption in mainstream sectors such as the sports industry. Speaking on this acquisition, Tether CEO Paolo Ardoino said, “Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally. We will explore avenues for innovative collaborations and the potential to revolutionize the global sports landscape.” The post USDT Issuer Tether Announces ‘Strategic’ Investment In Juventus appeared first on CoinGape .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.