USDT stablecoin issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro. Argentine media said the company invested $100 million to diversify its investments in agriculture and food. Adecoagro is valued at more than $1 billion and has direct operations in Argentina, Brazil and Uruguay.
The company, a major milk producer in Argentina, manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. This is one of Tether's first investments in the sector, after expanding into green energy, bitcoin mining, artificial intelligence and education initiatives.
Tether invests $100 million in Latin American agricultural giant Adecoagro
2024-09-08 07:48:40
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