Tether CEO Paolo Ardoino has disclosed that the corporate is being prevented from taking part in Juventus Soccer Membership’s newest capital enhance.
In a June 2 put up on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would offer new capital to assist the membership signal gamers and regain its aggressive edge.
In accordance with Ardoino, Juventus has not permitted Tether to take part within the capital enhance course of, which started in April 2025. With out this formal approval, Tether can’t inject new funds, no matter its willingness or monetary capability.
He said:
“Tether seems to be ahead to being part of the workforce’s progress and future. However up to now the corporate has not even allowed Tether to take part within the capital enhance introduced a month in the past (round 15-110M). We merely can’t contribute except society permits us to.”
He considerably dryly added that his ticket purchases is likely to be the one help Juventus is keen to just accept for now. Ardoino stated:
“It’s really a disgrace to depart apart keen members who may make investments considerably to assist make Juventus Nice once more. I hope that a minimum of the cash from my grandstand ticket might help help the administration’s bills”
Tether started investing in Juventus in February 2025, securing an preliminary 8.2% stake. By April, it had elevated its holdings to 10.12% of issued shares, equating to six.18% of the membership’s voting rights.
Regardless of this elevated involvement, the stablecoin issuer is excluded from a capital increase anticipated to generate between €15 million and €110 million.
The membership’s funding push follows a fourth-place end within the 2024/25 Serie A season. To reposition itself, Juventus not too long ago named Damien Gomolli as Basic Supervisor to steer its industrial and advertising efforts.
USDT stride continues
Tether’s push into soccer aligns with the broader momentum of its flagship stablecoin, USDT.
In accordance with Ardoino, USDT gained over $5 billion in market capitalization within the final 30 days, outpacing its foremost rival, Circle’s USDC. The surge has pushed USDT’s whole market cap above $153 billion, whereas USDC trails at $60.9 billion.
The expansion displays broader tailwinds, together with Bitcoin’s climb to an all-time excessive in Could and rising regulatory readability from the US and Hong Kong.
