#Tether Plans Board Nominees for Juventus Ahead of Shareholder Vote


Tether intends to propose board candidates and governance reforms for Italian football club Juventus ahead of a Nov. 7 shareholder meeting, according to a Reuters report on Monday. The #stablecoin issuer holds a 10.7% stake in the club and plans to contribute approximately $129 million toward a capital increase.


The company initially invested in Juventus in February before expanding its position above 10% in April. CEO Paolo Ardoino characterized the move as demonstrating commitment to innovation and long-term collaboration. The strategic investment marked Tether's entry into European sports ownership.


The announcement coincided with the 11th anniversary of the launch of $USDT. Tether maintains dominance as the largest stablecoin by market capitalization at over $177 billion. A ruble-backed stablecoin named A7A5 recently became the largest non-dollar-pegged coin with a $500 million market cap.


Tether has diversified beyond cryptocurrency infrastructure through various partnerships. The company acquired a 30% stake in Italian media firm Be Water in May. Ardoino emphasized the importance of independent media in shaping informed societies when announcing that investment.


The CEO has cultivated relationships with U.S. policymakers under President Donald Trump's administration. Ardoino attended a July ceremony where Trump signed the GENIUS #stablecoin bill into law.

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October 07, 2025 at 1:52 PM
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