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USDT Issuer Tether Announces ‘Strategic’ Investment In Juventus Coingape 14 Feb 2025

USDT Issuer Tether Announces ‘Strategic’ Investment In Juventus ⚽

Tether Investments has announced a strategic investment in the Italian football club Juventus. This decision follows JP Morgan's statement suggesting that the USDT issuer may need to sell its Bitcoin holdings in order to comply with US stablecoin regulations.

The investment reflects Tether's expansion beyond crypto into other sectors, showcasing its interest in diversifying its portfolio. The specifics of the deal and the financial implications for both Tether and Juventus remain undisclosed.

Source: coingape.com ↗

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