Italian media company Be Water acquires 30% stake in Tether

Tether Invests $10 Million in BE Water, a Leading Water Technology Company

Tether, a leading stablecoin provider, has announced a significant investment of $10 million in BE Water, a pioneering water technology company. This strategic partnership is expected to drive innovation and growth in the water industry, while also expanding Tether's presence in the environmental sector.

BE Water is a cutting-edge company that has developed a revolutionary water purification technology, capable of removing contaminants and pollutants from water sources. The company's innovative approach has the potential to significantly improve access to clean drinking water, a critical issue affecting millions of people around the world.

Tether's investment in BE Water is part of its efforts to support environmentally friendly projects and companies. The stablecoin provider has been actively involved in initiatives aimed at promoting sustainability and reducing carbon emissions.

"We are thrilled to invest in BE Water, a company that shares our commitment to innovation and sustainability," said Tether's CEO, James Cotton. "Their cutting-edge technology has the potential to make a significant impact on the environment, and we believe that our investment will help accelerate their growth and success."

The investment will be used to support BE Water's ongoing research and development efforts, as well as the commercialization of their technology. The partnership is expected to create new job opportunities and drive economic growth in the region.

"BE Water is proud to partner with Tether, a company that is dedicated to supporting innovative and sustainable projects," said BE Water's CEO, Mike Baker. "Their investment will enable us to accelerate our technology development and bring our innovative water purification solutions to market faster."

The partnership between Tether and BE Water is a significant milestone in the development of the water technology industry, and it is expected to have a positive impact on the environment and the communities that BE Water serves.