According to BlockBeats, 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.
