Tether has made a major investment in the agricultural sector. It acquired a 9.8% stake in Latin American agribusiness giant Adecoagro, spending around $100 million on the deal.
Adecoagro, a company with a wide range of activities including the production of milk, rice, cheese and other food products, as well as the cultivation of sugar cane, now has a powerful investor in Tether. With the acquisition of more than 10 million shares, Tether has become the third-largest shareholder in Adecoagro.
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