Tether Invests $100 Million in Agriculture Firm
Tether, the issuer of the world’s largest stablecoin, has invested $100 million to buy a 9.8% stake in Adecoagro, a agro-tech firm in Latin America. This is Tether’s first move into the agriculture and food industry.
Tether usually invests in technology, including artificial intelligence, Bitcoin mining, and digital education. This new investment in Adecoagro marks a shift toward agriculture.
According to a filing with the US Securities and Exchange Commission, Tether used money from its own funds for this investment. The company now owns 10,048,249 shares of Adecoagro, which is almost 10% of the company’s total shares.
Adecoagro, which started in 2002, is a major milk producer in Argentina, processing 550,000 liters per day at its Buenos Aires plant. The company also works in sugar, ethanol, and energy in Brazil.
Alongside this investment, Tether is also planning to launch a new stablecoin linked to the United Arab Emirates dirham (AED) with partners Phoenix Group and Green Acorn Investments. This new stablecoin will be backed by reserves from the UAE.
With this new investment, Tether seems to be expanding its focus beyond digital assets and technology.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.

Federal Reserve’s Tight Policy Affects Bitcoin Growth

[Initial Listing] Bitget Will List Doodles (DOOD). Come and grab a share of 7,250,000 DOOD !
SEC Settles Lawsuit with Ripple and Executives

Trending news
MoreCrypto prices
More








