Close Menu
Crypto News InsidersCrypto News Insiders
  • News
  • Videos
  • Learn
  • Bitcoin
  • Altcoin
  • Ethereum
  • Stablecoins
  • Blockchain
  • NFTs
  • Markets
  • Politics
  • DeFi
  • ETF
  • Insights
  • Web3
Trending

Five Key UX Challenges Hindering Web3 Adoption and Strategies to Address Them

44 mins ago

Senator Lummis Proposes Exemption from US Taxes for Small-Scale Crypto Transactions in Budget Bill

45 mins ago

Toncoin: Could a 42% Increase in Whale Inflows Drive TON to $3.28?

47 mins ago

DEXs Achieve Nearly 30% of CEX Spot Activity in June, Setting a New Record

1 hour ago

Scott Bessent Confirms Search for Jerome Powell’s Successor

2 hours ago
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Crypto News InsidersCrypto News Insiders
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoin
    • Stablecoins
  • Blockchain
  • Insights
  • NFTs
  • Markets
  • Politics
  • DeFi
  • Learn
  • Videos
  • More
    • Web3
    • ETF
Newsletter
Crypto News InsidersCrypto News Insiders
Home»Stablecoins
Stablecoins

Tether increases ownership in Juventus, leading to surge in fan token value

News RoomBy News Room2 months ago0 ViewsNo Comments2 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn

Stablecoin issuer Tether has increased its stake in Juventus Football Club to 10.12% of issued shares, giving it 6.18% of the club’s voting rights. This news caused Juventus’s fan token, JUV, to surge over 10% to a two-month high of $1.08, with other fan tokens linked to clubs like Trabzonspor, Napoli, Galatasaray, and Barcelona also seeing gains.

Tether sees this investment as a way to strengthen its partnership with Juventus, a prestigious football club based in Turin, Italy. The company already held an 8.2% stake in the team and CEO Paolo Ardoino views this move as a long-term investment in innovation and collaboration, allowing Juventus to lead both on the field and in digital transformation efforts. Tether has expressed interest in participating in future equity rounds and working closely with Juventus leadership to shape the club’s future.

In addition to its sports investments, Tether has been diversifying into traditional industries over the past year. The company acquired a 30% stake in media startup Be Water and submitted a bid to take full ownership of major agricultural business Adecoagro in South America. However, Tether remains firmly rooted in the crypto space, backing projects like the Fizen crypto payments app and participating in a $3 billion Bitcoin-focused investment fund with Cantor Fitzgerald, Bitfinex, and SoftBank.

Despite expanding into other sectors, Tether’s flagship USDT stablecoin continues to dominate the market, serving over 400 million users and boasting a market cap exceeding $145 billion. This stablecoin’s popularity and widespread use have solidified Tether’s position in the crypto industry while allowing the company to venture into new opportunities and partnerships, such as its increased stake in Juventus Football Club.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

Circle Aims for Federally Regulated Trust Status to Manage Stablecoin Reserves and Provide Custody Services

Stablecoins 2 hours ago

Dark Market Activity on Telegram Continues Despite Huione’s $27 Billion Ban – Elliptic

Stablecoins 1 week ago

Circle Stock Soars to Record $200 After 34% Daily Surge

Stablecoins 2 weeks ago

Arthur Hayes suggests that only stablecoins backed by exchanges or linked to banks can succeed.

Stablecoins 2 weeks ago

Circle’s USDC and BlackRock’s BUIDL Lead the Charge in Collateral Innovation for Derivatives Markets

Stablecoins 2 weeks ago

JPMorgan Launches Tokenized Deposit Token on Base for Instant Dollar Transfers

Stablecoins 2 weeks ago

Treasury Secretary Bessent Calls Stablecoins a Debt Relief Tool as Senate Prepares to Vote on the GENIUS Act

Stablecoins 2 weeks ago

Tron to Go Public on Wall Street Through Reverse Merger, Elevating TRX in the Market

Stablecoins 2 weeks ago

Walmart and Amazon Target $14 Billion in Savings by Introducing Corporate Stablecoin as US GENIUS Legislation Approaches

Stablecoins 2 weeks ago
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Senator Lummis Proposes Exemption from US Taxes for Small-Scale Crypto Transactions in Budget Bill

45 mins ago

Toncoin: Could a 42% Increase in Whale Inflows Drive TON to $3.28?

47 mins ago

DEXs Achieve Nearly 30% of CEX Spot Activity in June, Setting a New Record

1 hour ago

Scott Bessent Confirms Search for Jerome Powell’s Successor

2 hours ago

USDC Issuer Applies for National Trust Bank Charter

2 hours ago

Latest News

Arbitrum Soars 21% Following Strong Accumulation

2 hours ago

Circle Aims for Federally Regulated Trust Status to Manage Stablecoin Reserves and Provide Custody Services

2 hours ago

German Banking Giant Sparkassen to Provide Crypto Trading for 50 Million Customers by 2026

2 hours ago

Subscribe to News

Get the latest crypto news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Crypto News Insiders. All Right Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?