2 hours ago
Tether, issuer of the world's largest stablecoin, plans to suggest its ain candidates for a committee spot astatine Juventus FC, the Italian shot nine successful which it owns a involvement of 10.7%, Reuters reported connected Monday.
The stablecoin elephantine volition taxable its database astatine the club's yearly shareholder gathering successful November, according to the report, citing an email from Tether.
Tether besides said it plans to suggest immoderate "governance changes" astatine the Nov. 7 meeting, though did not elaborate what these are, the study said. Juventus investors volition ballot upon the company's committee renewal astatine the shareholder meeting.
Tether acquired 8.2% of Juventus successful February, and subsequently increased its involvement to implicit 10% successful April.
In the months that followed, Tether sought a much progressive relation successful I Bianconeri's (The White and Blacks) operations, asking to enactment successful club's superior summation and beryllium granted a committee seat.
Juventus, which is regarded arsenic 1 of the astir celebrated shot clubs successful the world, dominated Italy's apical part Serie A passim the 2010s. It is besides the favourite squad of Tether CEO Paolo Ardoino.
Tether did not respond to CoinDesk's petition for further comment.
Read More: Crypto Lender Maple Expands to Tether-Backed Plasma
English (US) 