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 marks Tether's first investment in the agriculture and food sector, after previous strategic investments in emerging technologies like artificial intelligence, Bitcoin mining operations, and digital education initiatives.

Tether used its own working capital funds for the Adecoagro investment, which gives the company ownership of 10,048,249 shares, or 9.8% of Adecoagro's 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 comes as competition in the stablecoin market continues to grow, with rivals like Bridge raising $58 million for their own stablecoin network. Tether's diversification into the agriculture sector could help the company strengthen its position and explore new use cases for its flagship USDT token.

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

The information provided in this article is for informational and educational purposes only, based on news and sources gathered from the internet. This content should not be considered as investment advice, financial guidance, or a suggestion to buy or sell any digital assets. Before making any financial decisions, we recommend consulting with a professional financial advisor and conducting your own research. The author and the blog are not responsible for any losses or damages that may arise from using this content.