Tether to nominate board candidates for Juventus Football Club

Jinse Finance reported that stablecoin issuer Tether plans to propose its own list of board candidates and "governance reforms" for the Italian football club Juventus. Tether currently holds a 10.7% stake in the club. According to a Reuters report on Monday, Tether's recommendations for the club's board will be presented before the shareholders' meeting on November 7. In addition, as part of Juventus' capital increase plan, Tether will inject approximately $129 million. Tether CEO Paolo Ardoino stated that the stablecoin issuer initially invested in Juventus in February and increased its stake to over 10% in April, as part of its "commitment to innovation and long-term cooperation."