Tether acquires 30% stake in Italian media company Be Water

Tether has invested $10.8 million in Italian media company Be Water, acquiring a 30.4% stake to expand digital content and support independent journalism, the firm said.

Major stablecoin issuer, Tether, invested 10 million euros ($10.8 million) in Italian media company Be Water.

According to a March 27 announcement, Tether acquired a 30.4% stake in Rome-based Media Water. Tether CEO Paolo Ardoino said the company recognized “the importance of independent media in shaping informed societies.”

“Our investment in Be Water aligns with our vision to support technology-driven innovation across industries,” Ardoino added.

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