Tether acquires 9.8% stake in Latin American agricultural giant Adecoagro for $100 million

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Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments in the agriculture and food sectors. Adecoagro has a market value of over $1 billion and has direct operations in Argentina, Brazil, and Uruguay. It is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. This is one of Tether's first investments in the sector.

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