Tether CEO Paolo Ardoino revealed that the company is being prevented from participating in the latest capital growth for the Juventus Football Club.
In a June 2nd post on X, Ardoino worked on an inquiry effort from Juventus supporters who wanted Tether to support Club Sign Players and provide new capital to regain their competitiveness.
According to Ardoino, Juventus does not allow Tether to participate in the capital growth process that began in April 2025. Without this formal approval, Tether will not be able to inject new funds, regardless of motivation or financial ability.
He said:
“Tether looks forward to being a part of the team’s growth and future. However, up until now, the company has not even allowed Tether to participate in the capital increase announced a month ago (approximately 15-10M).
He added somewhat dryly that his ticket purchase might be the only support he would try to accept for now. Aldoino said:
“It’s really a shame to abandon the aspiring members who can invest heavily in making Juventus great again. I hope at least the money from my grandstand tickets will help support the management’s expenses.”
Tether began investing in Juventus in February 2025, securing its first 8.2% stake. By April, the holdings had increased to 10.12% of the issued shares, equivalent to 6.18% of the club’s voting rights.
Despite this increase in involvement, Stablecoin issuers are excluded from capital raises, which are expected to generate between 15 million and 110 million euros.
The club’s fundraising push follows the fourth place finish in the 2024/25 Serie A season. To reposition itself, Juventus recently appointed Damien Gomolli as general manager to lead commercial and marketing efforts.
USDT Stride continues
Tether’s push to football coincides with the wider momentum of flagship Stablecoin, USDT.
According to Ardoino, USDT has achieved a market capitalization of over $5 billion over the past 30 days, surpassing its main rival, Circle’s USDC. The surge has led to USDT’s total market capitalization exceeding $153 billion, with USDC tracking $60.9 billion.
This growth reflects a wider tailwind, including Bitcoin’s all-time high in May and clarity of new regulations from the US and Hong Kong.
