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Did you see this? La Repubblica headlines a fascinating figure who has just transformed the landscape of European football. Giancarlo Devasini, a former plastic surgeon turned central figure in the crypto world, has just acquired a 5% stake in Juventus. Yes, you read that right — the stablecoin lord is making his entry into the football scene.
For those who don’t follow Devasini closely, it’s important to understand that we’re talking about the guy behind Tether, the issuer of USDT. He built an empire based on dollar-pegged stablecoins, and the numbers speak for themselves: Tether claims about $141 billion in volume and over 350 million users. That’s colossal. According to reports, this stake in Juventus is worth around €47 million — a drop in the bucket for someone like Devasini, who has an estimated fortune of over $9 billion and ranks as Italy’s fourth-richest person.
What’s interesting is Devasini’s own profile. At 61, he maintains an extremely discreet media presence. In Lugano, he simply rents a three-room apartment for €1,400 a month and hardly gives interviews. You won’t see Devasini on TV talk shows or at large crypto conferences. He’s the opposite of the crypto bro stereotype.
But behind the scenes, Devasini is moving strategically. Tether holds more U.S. Treasury bonds than you might imagine, and the company recently raised $600 million in convertible bonds through Howard Lutnick, a former Secretary of Commerce under Trump. More recently, Tether invested $775 million in Rumble, the social media platform. These moves demonstrate a thoughtful investment strategy well beyond simple stablecoins.
The irony is that Giancarlo Devasini symbolically returns to Turin, his hometown, by taking a visible stake in Juventus. The man who usually stays in the shadows makes a move that can’t go unnoticed. It’s a strong signal: crypto is no longer just a financial sector — it’s now an actor in sports, culture, and influence. And Devasini is showing it silently.