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

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 first investments in this field, after expanding its business into areas such as green energy, Bitcoin mining, artificial intelligence and educational programs.