๐ฅ New: Tether acquires 10.7% of Juventus Club and becomes the second largest shareholder worth โฌ128 million!
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โฝ๏ธ The Event:
โ Tether, the issuer of the stablecoin $USDT
โ Announced its acquisition of 10.7% of the shares of the Italian club Juventus
โ For a value of approximately โฌ128 million
โ Thus becoming the second largest shareholder in the club after the main holding company
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๐ก Why is this important?
โ The first direct move of this size by Tether towards the professional sports sector
โ Enhances the position of stablecoins in the real economy
โ Opens the door for crypto-driven business and sports partnerships
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๐ Potential Impact:
โ Enhancing Tether's brand in front of a global audience
โ Integrating blockchain and digital payment solutions in the sports sector
โ Major clubs shifting to a web 3 financing model
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โWill we see more moves from crypto companies towards major clubs and sports?
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