Tether expands into film and news with investment Italian media company Be Water
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Tether, the stablecoin issuer, has invested €10 million in Be Water, an Italian media company, acquiring a 30.4% equity stake. This investment is part of Tether's strategy to diversify beyond financial technology, following previous investments in media, sports, and technology sectors. The deal aims to support Be Water's international expansion and digital infrastructure while maintaining editorial independence.
March 27, 2025 | 1:30 pm
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Tether's €10 million investment in Be Water demonstrates the company's commitment to expanding beyond cryptocurrency, while maintaining strong growth in its core stablecoin business with 400 million users.
The investment signals Tether's financial strength and strategic diversification, which could positively impact investor perception of USDT and the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100