Tether, the issuer of the world's largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether's first investment in the agriculture and food sector, after previous strategic investments in emerging technologies such as artificial intelligence, peer-to-peer platforms, Bitcoin (BTC) mining operations, and digital education initiatives.

Tether used its own working capital funds for the Adecoagro investment. The company now owns 10,048,249 shares of Adecoagro, representing 9.8% of the "outstanding common shares". Founded in 2002, Adecoagro is a major milk producer in Argentina, with 550 thousand liters per day of processing capacity at its Buenos Aires plant.

The investment in Adecoagro comes as competition in the stablecoin market continues to grow. Tether's diversification into the agriculture and food sector could be seen as a strategic move to strengthen its position in the cryptocurrency ecosystem. This investment represents a new chapter in Tether's history, as it expands its portfolio beyond the traditional crypto-related ventures.

Source: https://cointelegraph.com/news/tether-100-m-stake-adecoagro

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