Tether Invests $100 Million in Latam's Agricultural Giant Adecoagro

Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay. The company is Argentina’s main milk producer and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. This is one of Tether’s first investments in the sector, having previously expanded into green energy, bitcoin mining, artificial intelligence, and education initiatives.