Tether’s Shocking Move: Football, Crypto, and a Dash of Sass!

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What to know:

  • In a move that has left us all wondering if we should invest in football boots or Bitcoin, Tether’s investment arm has decided to dip its toes into the world of Juventus FC. Yes, you heard that right!
  • Juventus shares are up 1.5% on the Italian stock exchange, proving that even football clubs can benefit from a little crypto magic. Who knew?
  • With a whopping $13 billion in profits last year, Tether is branching out from just being the stablecoin king to dabbling in AI, payments, and energy. Because why not take over the world while you’re at it?

So, Tether, the cryptocurrency giant behind the $140 billion USDT stablecoin, has decided that investing in Italian football is the next big thing. I mean, who wouldn’t want to mix digital assets with a bit of footie flair?

The firm’s investment arm, Tether Investments, has snagged a minority stake in Juventus FC, according to a press release that probably made the stock market do a little happy dance. Juventus shares, which are publicly traded on the Italian stock exchange, jumped 1.5% faster than you can say “goal!”

“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,” said Tether CEO Paolo Ardoino, probably while wearing a Juventus jersey and sipping on a crypto-themed smoothie.

This acquisition comes hot on the heels of Tether’s impressive $13 billion profit report last year. Clearly, they’re not just about stablecoins anymore; they’re ready to take on the universe, one investment at a time. Who needs a crystal ball when you have Tether?

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2025-02-14 17:14