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Tether Invests in Chilean Exchange Orionx to Drive Latin American Adoption

  • Tether CEO Paolo Ardoino announced on June 2, 2025, that the company cannot join Juventus Football Club's capital increase.
  • This exclusion happened because Juventus did not grant Tether permission to participate in the April 2025 capital raise valued between €15 million and €110 million.
  • Tether holds a 10.12% stake in Juventus since February 2025 and remains eager to support the club’s growth despite fans’ frustration over the denied investment.
  • Ardoino stated, “Only sponsoring and owning stakes won't work,” stressing that mutual collaboration mechanisms are needed to bridge crypto and sports partnerships.
  • Meanwhile, Tether led a Series A investment in Chilean exchange Orionx to expand its stablecoin USDT's reach across 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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