Tether Invests in Italian Media Company Amid Diversification Efforts

According to PANews, Tether, a prominent stablecoin issuer, is set to acquire a 30% stake in the Italian media company Be Water for approximately 10 million euros. Be Water encompasses podcast production firm Chora Media, Will Media, and film production and distribution company Be Water Film. This acquisition is part of Tether's recent investment spree, which has seen the company expand into various sectors such as agriculture, artificial intelligence, and brain-machine interfaces. Tether's USDT currently has a market capitalization of around 144 billion dollars, primarily backed by highly liquid assets like U.S. Treasury bonds.