Tether offers a football club. Tether's Stablecoin USDT is the most used in the world, by far. The transmitter of this stablecoin So has colossal incomeand he reinvests them in various sectors. Today, Tether announces that he has just acquired a minority part of the famous Italian football club Juventus FC, and that has exploded the course of Fan Token Juv.
The key points of this article:
Tether acquired a minority part in the famous Italian football club Juventus FC, causing an explosion of the course of the Fan Token Juv.
This acquisition is part of TETHER's strategy to merge new technologies with sport, illustrated by an 185% increase in the price of the Fan Token Juv.
Tether Investments acquires a minority part in the Juventus of Turin
With 140 billion dollars d’USDT en circulation, Tether has very important income thanks to interest in dollar reserves which guarantee the parity of its stablecoin. These income is reinvested via its branch Tether Investmentswhich today announces the acquisition of a minority participation in the Italian football club Juventus fcalso known as the Juve. This information comes as the Juventus recently confirmed that its majority owner, the company GRAND NVwas in talks with several potential investors to sell part of his participation in the club. The transaction with Tether should be finalized during the First half of 2025 According to the press release which explains such an investment:
«In accordance with our strategic investment in Juve, Tether will be a pioneer in the merger of new technologies, such as digital assets, artificial intelligence and biotechnology, with the well -established sports industry to promote change to Global scale. »»
Paolo Ardoino, CEO of Tether – Source: press release
Tether announces his investment in Turin Juventus on social networks – Source: account x
The Fan Token Juv explodes by +200% on Tether's announcement
The football club of the Juventus of Turin is listed on the bourse Italian since 1997 and following the announcement of Tether Investments, the course of the action of Juve has increased by 2.5%. But it is above all the course of Fan token Juv (issued on the Chiliz blockchain) which exploded. Indeed, the token of supporters of Juventus saw its price leaping nearly 185% After Tether's announcement! According to data from Co ringeckothe course of the Fan Token Juv has gone from about 1,03 dollar at a top of 2,92 dollars At the height of the enthusiasm for the announcement of Tether's investment. With this new acquisition, Tether continues to diversify his investments despite The Fud that regularly surrounds Paolo Ardoino's business in Europe. Like what, behind the scenes, the situation is not so catastrophic, even on the old continent.