USDT News: Tether Expands Investment Portfolio with Stake in Juventus

In a strategic move to diversify its investments, cryptocurrency giant Tether has acquired a stake in the renowned soccer club Juventus. This investment marks Tether's continued expansion beyond its core stablecoin business, utilizing profits from its massive $142 billion stablecoin operation and US Treasury bonds.

Tether Buys Stake in Juventus, Expanding Its Investment Portfolio

Crypto’s Tether has purchased a stake in the soccer club Juventus, as part of its aggressive expansion plan using profits from its $142 billion stablecoin operation and US Treasury bonds. The company, which recently reported having over $7 billion in excess reserves, has been investing in various sectors including farming, AI, social media, and now, professional sports. Juventus, on the other hand, has been facing financial difficulties with its revenue dropping to the lowest in its history. Tether’s CEO, Paolo Ardoino, expressed the company’s desire to be a leader in integrating crypto, AI, and biotech with the sports industry.

Telegram Wallet Introduces Zero-Fee USDT Purchases in 60 Countries

Telegram, a popular social media platform, has recently announced a new feature allowing users to purchase USDT with zero fees through its built-in cryptocurrency wallet. This offer is available in over 60 countries, including Southeast Asia, Latin America, and Europe. The development was announced on Telegram's official social media account, highlighting the unique opportunity to buy USDT without any additional costs. The move is expected to boost the accessibility of the stablecoin and attract more users to the platform.

$TRUMP Token Surges Over 20% This Week, Listed on South Korea's Largest Crypto Exchange Upbit

The OFFICIAL TRUMP ($TRUMP) token has experienced a strong rally, climbing over 20% this week and surpassing $22 after being listed on Upbit, South Korea’s largest crypto exchange. The Solana-based meme coin was officially made available for trading on February 13 at 18:00 KST, with trading pairs against Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Following the listing, deposits and withdrawals opened two hours later. Upbit briefly restricted initial buy orders for five minutes to prevent excessive volatility.