Tether CEO Paolo Ardoino revealed that the corporate is being prevented from taking part within the newest capital progress for the Juventus Soccer Membership.
In a June 2nd submit on X, Ardoino labored on an inquiry effort from Juventus supporters who needed Tether to help Membership Signal Gamers and supply new capital to regain their competitiveness.
Based on Ardoino, Juventus doesn’t enable Tether to take part within the capital progress course of that started in April 2025. With out this formal approval, Tether won’t be able to inject new funds, no matter motivation or monetary skill.
He stated:
“Tether seems to be ahead to being part of the staff's progress and future. Nonetheless, up till now, the corporate has not even allowed Tether to take part within the capital improve introduced a month in the past (roughly 15-10M).
He added considerably dryly that his ticket buy could be the one help he would attempt to settle for for now. Aldoino stated:
“It's actually a disgrace to desert the aspiring members who can make investments closely in making Juventus nice once more. I hope no less than the cash from my grandstand tickets will assist help the administration's bills.”
Tether started investing in Juventus in February 2025, securing its first 8.2% stake. By April, the holdings had elevated to 10.12% of the issued shares, equal to six.18% of the membership's voting rights.
Regardless of this improve in involvement, Stablecoin issuers are excluded from capital raises, that are anticipated to generate between 15 million and 110 million euros.
The membership's fundraising push follows the fourth place end within the 2024/25 Serie A season. To reposition itself, Juventus lately appointed Damien Gomolli as basic supervisor to guide business and advertising efforts.
USDT Stride continues
Tether's push to soccer coincides with the broader momentum of flagship Stablecoin, USDT.
Based on Ardoino, USDT has achieved a market capitalization of over $5 billion over the previous 30 days, surpassing its essential rival, Circle's USDC. The surge has led to USDT's complete market capitalization exceeding $153 billion, with USDC monitoring $60.9 billion.
This progress displays a wider tailwind, together with Bitcoin's all-time excessive in Might and readability of latest rules from the US and Hong Kong.
