Tether's Strategic Moves for Market Entry and Juventus Acquisition

Tether (USDT), the leading stablecoin issuer, is gearing up for a major fundraising initiative to enter the U.S. market while enhancing liquidity for its investors. This effort follows Tether's actions to prevent certain shareholders from selling their stakes at significant discounts. As reported by Bloomberg, Tether is exploring options like share buybacks and blockchain tokenization of its shares post-fundraising. These measures are in response to concerns that shareholder sales could undermine Tether's fundraising ambitions. Tether has successfully halted at least one shareholder's divestment, stressing the importance of adhering to processes managed by reputable investment banks. The company aims to attract strategic investors, having engaged with firms like SoftBank and Ark Investment Management, although no IPO timeline has been disclosed. Additionally, Tether has proposed acquiring Exor’s 65.4% stake in Juventus Football Club, contingent on Exor's acceptance and regulatory approvals. Tether plans to invest €1 billion in the club, reflecting a commitment to its legacy and global brand. Read more AI-generated news on: https://app.chaingpt.org/news