This week, Tether has renewed his desire to diversify his investments, taking a participation in the Juventus club. We take stock.
Tether enters the capital of Juventus
Friday, Tether announced that he had invested in the legendary Turin football club, Juventus Football Club. Thus, the USDT transmitter considers that this minority acquisition should “allow synergy between sport and digital assets at a new level».
⚽ How to invest in a football club?
During the last session of the week, the club's share increased by 1.57 % to reach 2.53 euros, after also earning 6.5 % during Thursday: Thursday:
JUVE action course in daily data
In his press release, Tether did not specify the amount of his investment, however, Zonebourse reported that it would amount to 5 % of the capital of Juventuswhich would therefore be valued at just over 47 million euros in the current course.
The company intends to use this participation to develop the blockchain ecosystem within the sport:
This sponsorship, associated with the minority participation of Tether in Juve, also underlines Tether's commitment to promote Blockchain technology and the adoption of stablecoins in traditional sectors such as the sports industry.
👉 On the same subject – Tether invests in the Zengo portfolio to develop the adoption of his stablecoin USDT
If Tether had hitherto diversified its activities in the technological sector, whether in the AI sector, mining, or more recently in Wallets with Zengo, this investment in Juventus marks a turning point.
Little by little, the company becomes an increasingly diverse group, whose income now no longer depend only on the yields of the obligations used in the collateralization of its stablecoins.
In parallel with the writing of these lines, the Stablecoin USDT is capitalized at $ 142 billion.
Zengo: the ultra-secure mobile wallet for your cryptos
Sources: Tether, tradingView
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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