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The shares of the club and the fan token JUV rise after the announcement of the acquisition.

JUV rose 200%, with tokens like LAZIO and PORTO also experiencing significant price jumps.

Stablecoin issuer Tether has invested in Juventus Football Club as the firm expanded beyond digital payments, Bitcoin, and AI.

TL;DR Tether has acquired a minority stake in Juventus, marking its first entry into professional sports. The investment is part of its diversification strategy, which includes areas such as AI, Bitcoin mining, and biotechnology. Juventus will leverage blockchain technology to enhance fan experience and management.

Worth more than $2 billion, Juventus is the world's 11th most valuable football club.

Tether's minority stake acquisition into Juventus, or Juve, aligns with the stablecoin issuer's goal of bringing digital assets mainstream.

Tether Investments announced a minority stake in Juventus Football Club. The move follows the unveiling of a long-term strategy designed to integrate digital assets, payment solutions, artificial intelligence, bitcoin mining, and biotech into traditional industries.

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

Telegram Wallet now allows fee-free USDT purchases in 60 countries to enhance stablecoin adoption in partnership with TON and Mercuryo.

Crypto currency firm Tether Investment said on Friday it bought a minority stake in Italian Serie A soccer club Juventus.

"We will explore avenues for innovative collaborations and the potential to revolutionize the global sports landscape," CEO Ardoino said.

The stablecoin issuer's investment arm said it is acquiring a minority stake in the Italian club.

Tether's investment in Juventus signals a strategic shift towards integrating digital assets and technology within the global sports industry. The post Tether acquires minority stake in Italian football club Juventus appeared first on Crypto Briefing.

Bybit will phase out options and futures products, replacing them with Tether (USDT) as they expire. Despite using USDT, Bybit aims to gain MiCA compliant status for the Euro area.

Will Tether sell its 87K BTC reserve to comply with US new regulations on stablecoins?

Tether has strongly refuted JPMorgan analysts' claims that it may need to sell Bitcoin to comply with proposed US stablecoin regulations.

A report shared with crypto.news shows that one of the largest crypto exchanges received around $80 million in Tether's stablecoin from Hamas-linked exchange. Four major cryptocurrency exchanges, including Binance and Gate.

Crypto: Tether strikes back after JPMorgan's predictions of a massive Bitcoin sell-off. Should we be worried?

JPMorgan analysts have warned that Tether may need to sell off non-compliant assets, including Bitcoin, precious metals, corporate paper, and secured loans.

JPMorgan warns Tether may sell Bitcoin amid U.S. stablecoin regulations, triggering a BTC drop. Meanwhile, Bitcoin's falling wedge pattern hints at a breakout to $100K+.

JPMorgan warns that Tether, issuer of USDT, may face compliance hurdles from proposed U.S. stablecoin regulations. The GENIUS Act, targeting federal oversight for stablecoins with over $10 billion market cap, and the STABLE Act, imposing stricter state-level reserve standards, could force adjustments to Tethers asset holdings.

An initiative supported by high-profile investors

Ardoino shot down the JPMorgan report that suggested his firm may be forced to liquidate bitcoin to comply with upcoming stablecoin regulation.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.