Tether Invests in Juventus, Proposing Board Changes Amidst Expansion Strategy

Stablecoin issuer Tether is taking a strategic step into traditional industries by proposing governance changes for Italian football club Juventus and contributing $129 million to the club’s capital increase. This move comes as Tether seeks to expand its influence beyond crypto markets, aiming for greater legitimacy and wider reach. The proposals are expected ahead of a shareholder meeting on November 7th, marking a significant development in their longstanding relationship with the storied football club.