USDT Expands Influence with Juventus FC Board Seat Through Dr. Francesco Garino
Tether, the issuer of the world's largest stablecoin USDT, has taken a significant step into the sports industry by securing a seat on the board of directors at Juventus Football Club. Dr. Francesco Garino, a Turin-based orthodontist and lifelong Juventus supporter, will represent Tether in the club's governance. This move follows Tether's strategic minority stake acquisitions in Juventus earlier this year, signaling the company's growing influence beyond the cryptocurrency sector. The appointment highlights the increasing intersection of digital assets and traditional industries, as Tether continues to expand its footprint in global markets. With this development, USDT solidifies its position not just as a stablecoin leader but also as a player in the broader financial and entertainment ecosystems.
Tether Secures Board Seat at Juventus FC Through Dr. Francesco Garino
Tether, the issuer of USDT, has cemented its influence in the sports world by securing a seat on Juventus Football Club's board of directors. Dr. Francesco Garino, a Turin-based orthodontist and lifelong Juventus supporter, will represent the stablecoin giant as its direct voice in the club's governance.
The appointment follows Tether's strategic minority stake acquisitions in Juventus earlier this year. Paolo Arduino, Tether's CEO, framed this MOVE as "the first necessary step toward MJGA" - hinting at broader ambitions to merge sports with digital asset innovation. Juventus becomes a testing ground for blockchain's potential to redefine fan engagement through tokenization and Web3 integration.
Mutuum Finance (MUTM) Emerges as a Rising Star in DeFi with 300% Surge
The DeFi market is heating up again, and Mutuum Finance (MUTM) has captured attention with a 300% price surge. Analysts tout it as a standout project for 2026, citing its stable growth potential and well-structured roadmap. Unlike hype-driven tokens, MUTM's rise is attributed to its deliberate design, sustainable yield mechanisms, and expanding utility.
Mutuum Finance is building a decentralized lending platform that combines Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models. This hybrid approach aims to enhance liquidity, transparency, and user control. Lenders deposit assets like ETH or USDT into pools, receiving yield-bearing mtTokens that automatically accrue interest based on borrowing demand.
Crypto Crime Spikes 1,400-Fold From South Korea to Cambodia Amid Sanctions Debate
Crypto-linked crime between South Korea and Cambodia has surged 1,400 times in the past year, exposing critical weaknesses in anti-money laundering (AML) frameworks. Suspicious transactions, predominantly involving USDT stablecoins, have drawn regulatory attention as Korean exchanges like Bithumb and Upbit processed billions of won tied to illicit flows. A significant portion of these funds reportedly reached Huione Guarantee, a Cambodian platform already sanctioned by the U.S. and U.K.
Experts attribute the spike to tighter enforcement in South Korea, pushing criminal networks toward offshore hubs like Cambodia and the Philippines. "Detecting all suspicious transactions preemptively is nearly impossible," said Youchull Jung, a white-collar crime specialist at Lee & Ko. The trend underscores how crypto scams are adapting to regulatory pressures by migrating to jurisdictions with weaker oversight.
Meanwhile, South Korea is considering new sanctions targeting North Korea’s cyber-financing operations. Vice Foreign Minister Kim Ji-na confirmed on November 7 that Seoul could "review sanctions as a measure if necessary," aligning with U.S. efforts to curb Pyongyang’s crypto theft networks. The U.S. Treasury recently sanctioned eight North Korean individuals and two entities linked to these activities.
