Tether acquires 30% stake in Italian media company Be Water
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Planet Daily News: Stablecoin issuer Tether will spend approximately 10 million euros to acquire a 30% stake in the Italian media company Be Water. Be Water's portfolio includes podcast production companies Chora Media, Will Media, and film and television production and distribution company Be Water Film. This transaction is part of Tether's recent investment boom, which has previously involved agriculture, AI, brain-computer interfaces, and other fields. Currently, Tether's USDT has a market value of around $144 billion, primarily backed by highly liquid assets such as U.S. Treasury bonds. (Bloomberg)
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