Tether Invests $100 Million in Latin American Agricultural Giant Adecoagro
According to Mars Finance, Tether, the issuer of the USDT stablecoin, has acquired a 9.8% stake in Adecoagro, a Latin American agricultural giant. Argentine media reports that the company invested $100 million to diversify its investments in agriculture and food. Adecoagro, valued at over $1 billion, 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 area, following previous expansions into green energy, Bitcoin mining, artificial intelligence, and educational programs. (Bitcoin.com)