Tether invests $100 million in Latin American agricultural giant Adecoagro

This article is machine translated
Show original

On September 8, USDT stablecoin issuer Tether acquired a 9.8% stake in Latin American agricultural giant Adecoagro. Argentine media said the company invested $100 million to diversify its investments in agriculture and food. Adecoagro is valued at more than $1 billion and has direct operations in Argentina, Brazil and Uruguay.

The company is reportedly 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, following its expansion into green energy, Bitcoin mining, artificial intelligence, and educational initiatives.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments