Ah, the illustrious Tether, that paragon of stablecoin prowess, has decided to grace the hallowed grounds of Juventus FC with its financial presence. One can only imagine the delight of the football club, founded over a century ago in the charming city of Turin, Italy, as they welcome this digital benefactor into their fold. ⚽️💰
In a rather grandiloquent announcement on the 14th of February—how romantic!—Tether proclaimed that this investment is but a stepping stone towards their lofty ambition of weaving stablecoins, digital assets, and a dash of human-first technology into the very fabric of our quotidian existence. Alas, the specifics of this financial dalliance remain shrouded in delightful mystery. 🕵️♂️
With aspirations as grand as a football stadium, Tether seeks to make “strategic investments” in global sports franchises, presumably to sprinkle the magic of digital assets upon unsuspecting fans. One can only hope they don’t confuse the offside rule with blockchain technology! 😏
According to the ever-reliable Forbes, Juventus stands as the 11th most valuable football franchise in the world, boasting a staggering worth of $2.05 billion. As of May 2024, their annual revenue was a princely $459 million. One might wonder if they’ll be investing in a new stadium or simply a more luxurious locker room for their players. 🏟️
In a delightful twist of fate, Tether’s foray into Juventus follows a year of unprecedented success, with profits soaring to a jaw-dropping $13 billion in 2024. Their holdings in low-risk US Treasury bonds have reached an all-time high of $113 billion. Who knew that playing it safe could be so profitable? 💸
As the world’s largest stablecoin, Tether’s USDt (USDT) reigns supreme with over $140 billion in circulation. One can only imagine the parties they throw—balloons made of digital assets and cake shaped like blockchain! 🎈🍰
Crypto Sports Partnerships: The New Black
In a veritable gold rush, crypto and blockchain companies have been showering billions upon the realm of sports, all in a bid to elevate the status of digital assets to that of a household name. According to CoinGecko, 2024 alone witnessed 26 crypto sports partnerships. One can only hope they come with a side of popcorn! 🍿
From 2021 to 2024, a staggering 92 crypto sponsorships graced the world of sports, as reported by CoinGecko. It seems that the only thing more abundant than footballs on the pitch is the presence of crypto exchanges in the sponsorship arena. 🏅
Just this week, Gate.io announced a partnership with Red Bull’s Formula 1 team, promising to inject blockchain technology into the high-octane world of motorsports. One can only hope they don’t confuse the pit stop with a crypto wallet! 🏎️
In a rather audacious move, Crypto.com sponsored a golf tournament where the prize was paid entirely in digital assets. This came mere months after they secured an exclusive partnership with the UEFA Champions League. Talk about a hole-in-one! ⛳️
In the land of the free, Coinbase has emerged as a pioneer, returning to the sports partnership scene post-FTX collapse. In October, they announced a partnership with the Golden State Warriors of the National Basketball Association. One can only wonder if they’ll be offering crypto as a halftime snack! 🍔
Opinion: Coinbase and Base: Is crypto just becoming traditional finance 2.0?
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2025-02-14 19:05