Tether, the issuer of USDT, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro, diversifying into the agricultural and food sectors.
Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American agricultural behemoth. The company invested $100 million in the agricultural and food sectors to diversify its investments, a move that was characterized as surprising by Argentine media.
Adecoagro, which is valued at more than one billion dollars, maintains a direct presence in Uruguay, Brazil, and Argentina.
The company is the primary milk producer in Argentina and oversees the cultivation of over 193,000 hectares of sugarcane plantations in Brazil, which are used to produce refined sugar and ethanol.
Tether has previously invested in renewable energy, bitcoin mining
, artificial intelligence, and education initiatives, but this is one of its first investments in the sector.
