Tether Don Buy Juventus Stake Wey Worth €128M Wit USDT, Don Become Number 2 Shareholder for Club
Tether don quietly build up im Juventus Football Club share dem reach over 10%, e buy shares wey worth about €128 million ($149 million) wit USDT. As of June 23, the stablecoin company na Juventus second-biggest shareholder behind Exor NV. The move dey diversify Tether reserve, e make im name strong for Europe after dem delist USDT pairs under MiCA rules, and e confirm say blockchain dey connected to global sports. Tether don also back MiCA-compliant stablecoins EURR and USDR and invest €10 million for media company Be Water and $775 million for video platform Rumble. As e get reported profit of $13 billion for 2024 and projected EBITDA of $7.4 billion for 2025, Tether still dey private, e no get plan to go public.
Bullish
Tether wey buy Juventus stake worth €128 million wit USDT don make di stablecoin legit and demand high because e link am to big sports brand. Dis partnership show say more institutions dey accept am and e join digital assets wit real-world use, wey fit make USDT get higher trading volume and stability. For short term, traders fit see more liquidity for USDT as confidence dey grow; for long term, dis move go boost stablecoin utility and make market mature, supporting better outlook.