Tether invests $100 million in Latin American agricultural giant Adecoagro

ChainCatcher news, USDT stablecoin issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro. Argentine media reports that the company invested $100 million to diversify its investments in the agriculture and food sectors. Adecoagro is valued at over $1 billion and has direct operations in Argentina, Brazil, and Uruguay.

According to reports, the company is a major milk producer in Argentina and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. This is one of Tether's initial investments in the sector, and prior to this, Tether has expanded its business into areas such as green energy, Bitcoin mining, artificial intelligence, and educational programs.