Tether, the issuer of the world’s largest stablecoin USDT, has invested in South American agriculture. Between July 29 and August 16, Tether’s investment division purchased $102 million worth of shares in Adecoagro SA, a major agricultural firm based in Argentina.
This acquisition gives Tether a 9.8% stake in Adecoagro, making it the company’s third-largest shareholder. Adecoagro, listed on Nasdaq as AGRO, is Argentina’s largest milk and rice producer. It also operates sugar cane processing, has renewable energy projects in Brazil, and farms soybeans and corn in Argentina and Uruguay.
A Tether spokesperson explained the investment as part of the company’s strategy to diversify its portfolio. “Tether views land as a crucial asset class, complementing our existing investments in Bitcoin and gold. Land is inherently scarce, offers long-term returns, and has historically been a safe haven during geopolitical instability,” the company stated.
Tether, which recently reorganized into four divisions (Tether Finance, Tether Data, Tether Edu, and Tether Energy), sees agriculture as a key avenue for sustainable development.
The company also announced plans to double its workforce by 2025 following a record-breaking $5.2 billion profit in the first half of 2024. This move comes alongside Tether’s investments in companies like Taiwan’s XREX exchange and Nasdaq-listed bitcoin miner Bitdeer.
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