Tether Gets Red-Carded: Juventus Snubs Stablecoin Giant in Capital Raise

Despite doubling down on its sports-betting strategy, Tether just got benched by Juventus in their latest funding round. The crypto heavyweight—known for printing money faster than the Fed—somehow fumbled its shot at Italy’s football aristocracy.

Finance jab: Maybe next time they should try bribing the ref—oh wait, that’s traditional banking’s playbook.

USDT stride continues

Tether’s push into football aligns with the broader momentum of its flagship stablecoin, USDT.

According to Ardoino, USDT gained over $5 billion in market capitalization in the last 30 days, outpacing its main rival, Circle’s USDC. The surge has pushed USDT’s total market cap above $153 billion, while USDC trails at $60.9 billion.

The growth reflects broader tailwinds, including Bitcoin’s climb to an all-time high in May and emerging regulatory clarity from the US and Hong Kong.