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Tether Invests in Chilean Exchange Orionx to Drive Latin American Adoption

  • Tether CEO Paolo Ardoino confirmed on June 2, 2025, that Tether was blocked from joining Juventus Football Club's capital raise in Italy.
  • The capital increase, announced in April 2025, aims to raise €15 million to €110 million and excludes Tether despite its existing 10.12% stake in Juventus.
  • Ardoino stated Tether remains eager to support Juventus's long-term growth but cannot invest without formal approval from the club's management.
  • Ardoino described it as a "shame" to sideline willing investors and emphasized that bridging crypto and sports requires new collaborative mechanisms.
  • Separately, Tether announced its strategic investment in Chile-based exchange Orionx to expand stablecoin access in Latin America, aiming to serve underserved communities.
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coinstats.app broke the news in on Monday, June 2, 2025.
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