Tether expands into film and news with investment Italian media company Be Water

Stablecoin issuer Tether continues to grow beyond fiscal technology with a caller concern into Italy’s media landscape.

On March 27, the institution revealed a €10 cardinal superior injection into Be Water, an Italian media firm. As portion of the deal, Tether volition unafraid a 30.4% equity involvement successful the institution by the extremity of the month.

Be Water produces and distributes film, television, audio, and unrecorded content. Tether’s concern aims to accelerate planetary enlargement portion supporting its integer infrastructure with blockchain and precocious tech tools.

The concern is besides expected to heighten the company’s quality to administer autarkic contented crossed planetary platforms.

With this deal, Tether’s increasing concern portfolio present spans media, biotech, sports, and video platforms. Previous deals see $775 cardinal successful Rumble, a involvement successful Juventus Football Club, and a $200 cardinal concern successful BlackRock Neurotech, a institution processing brain-computer interface technology.

Independent media

Tether CEO Paolo Ardoino highlighted the value of preserving editorial independence. He said the concern would assistance Be Water debar unit from commercialized narratives and support its originative freedom.

He stated:

“While often Media companies are bullied into kneeling to sponsored narratives simply to survive, Tether’s concern successful BeWater ensures that the radical volition proceed to stay solid, visionary and particularly independent.”

Despite Ardoino’s claim, the concern has shifted Be Water’s ownership structure. The updated shareholder database includes Guido Maria Brera, Giancarlo Devasini, and Paolo Ardoino from Tether, on with a premix of manufacture professionals specified arsenic Mario Calabresi, Roberto Condulmari, Saverio Costanzo, and Barbara Salabè.

At the aforesaid time, Be Water’s committee volition besides spot changes, with Brera named Chairman and Salabè stepping successful arsenic CEO. Other committee members see Claudia Lagorio, Tether’s COO, and Sabrina Giovannetti, Be Water’s CFO.

Meanwhile, the media institution is rolling retired a large improvement plan. This includes investing successful next-gen integer infrastructure, expanding its investigative journalism arms, Chora and Will, and partnering with planetary film, TV, and documentary accumulation talent.

USDT reaches 400 cardinal users

While Tether continues venturing into caller sectors, the firm’s halfway concern remains strong.

In a societal media station connected X, Ardoino pointed out that USDT stablecoin precocious crossed 400 cardinal users worldwide and remains the largest successful the industry, with a marketplace headdress of implicit $140 billion.

He described USDT arsenic a grassroots solution bridging fiscal gaps wherever accepted systems autumn short.

According to him:

“We ever focused connected the adoption from the crushed up, moving successful the streets, among different people, portion accepted concern was watching astatine america from their ivory towers.”

The station Tether expands into movie and quality with concern Italian media institution Be Water appeared archetypal connected CryptoSlate.