Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural big. In a transfer described by Argentine media as stunning, the corporate invested $100 million to diversify its investments within the agricultural and meals sectors. Adecoagro, valued at over a billion {dollars}, has a direct presence in Argentina, Brazil, and Uruguay. The corporate is Argentina’s essential milk producer and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. That is one among Tether’s first investments within the sector, having beforehand expanded into inexperienced vitality, bitcoin mining, synthetic intelligence, and training initiatives.
