Tether Seeks Board Influence at Juventus FC Through Governance Proposals

Tether, the issuer of the world's largest stablecoin, is moving to assert greater influence over Juventus FC after building a 10.7% stake in the Italian soccer powerhouse. The crypto firm will nominate board candidates and propose governance changes at the club's November shareholder meeting, according to a Reuters report.

The stablecoin giant first acquired 8.2% of Juventus in February before increasing its position in April. Tether's growing involvement reflects CEO Paolo Ardoino's personal fandom and the company's ambition to expand beyond digital finance into sports management.

Juventus, which dominated Serie A through the 2010s, represents a high-profile test case for crypto firms seeking real-world influence. Tether's push comes as stablecoin issuers increasingly explore partnerships with traditional institutions to bolster mainstream adoption.