The post Tether Buys Stake in Latin American Agri Firm Adecoagro appeared first on Coinpedia Fintech News
Tether on the front foot again! Tether, the USDT stablecoin issuer, has acquired a 9.8% stake in Adecoagro, a leading Latin American agricultural firm, for $100 million. As per the data, Adecoagro, valued at over $1 billion, operates across Argentina, Brazil, and Uruguay, producing milk, sugar, and ethanol. This investment marks Tether’s first venture into agriculture as the company diversifies its portfolio, following previous expansions into green energy, Bitcoin mining, and artificial intelligence.