Tether invests $100 million in Latin American agriculture

Tether, the issuer of the world’s largest stablecoin, has acquired a 9.8% stake in the Latin American agricultural company Adecoagro for $100 million. This is the company’s first investment in the agricultural and food industry sector.

Previously, Tether focused on investments in cutting-edge technologies such as artificial intelligence, peer-to-peer platforms, BTC mining, as well as supporting projects in the field of digital education.

Investments from Tether's own funds

In its statement, Tether announced that it used its own working capital to acquire Adecoagro shares. As of today, the company owns 10,048,249 shares of Adecoagro, which represents 9.8% of the total number of common shares of the company.

Adecoagro is a leading milk producer in Argentina, with a processing capacity of 550,000 liters per day at its plant in Buenos Aires. In 2005, the company expanded its operations into the sugar, ethanol, and energy market in Brazil.