Tether CEO Ardoino explains buying Juventus stake

Last week it was announced that the company had bought Crypto Stablecoin an interest of five percent in Juve.

Ardoino told Il Corriere della Sera: “We have the financial capacity to support Juve for the next 2000 years. We want to help management and ask if it is necessary to acquire a larger share.

“We are not a hedge fund, we invest in Juve because both me and the founder (Giancarlo Devasini) are fans and for the potential of the club, one of the most important in the world.

“They associate us with crypto, but we do a lot more: new technologies, AI development, biotech … they will become increasingly important in football. We are starting on the toes.”

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