Tether Proposes Board Candidates for Juventus FC as USDT Stablecoin Issuer Expands Football Investment

Tether, the company behind the world's largest stablecoin USDT, is set to propose its own candidates for a board position at Italian football giant Juventus FC, where it holds a significant 10.7% stake. According to Reuters reports, the crypto giant will submit its candidate list during Juventus' annual shareholder meeting scheduled for November 7th. Tether confirmed it will also propose governance changes at the meeting, though specific details remain undisclosed. The stablecoin issuer initially acquired 8.2% of Juventus in February 2024 before increasing its position to over 10% in April. Tether has been actively seeking greater involvement in the club's operations, requesting participation in capital increases and formal board representation. Juventus, one of football's most prestigious clubs and the favorite team of Tether CEO Paolo Ardoino, dominated Serie A throughout the previous decade. The board renewal and Tether's proposals will be subject to investor voting at the upcoming meeting.