PANews reported on March 27 that according to Bloomberg, stablecoin issuer Tether will spend about 10 million euros to acquire a 30% stake in Italian media company Be Water. Be Water includes podcast production companies Chora Media, Will Media and film and television production and distribution company Be Water Film.
The transaction is part of Tether’s recent investment boom, which has previously involved in agriculture, AI, brain-computer interfaces and other fields. Tether’s current USDT market value is about $144 billion, mainly supported by highly liquid assets such as U.S. Treasuries.
