Tether Seeks Majority Stake in South American Agribusiness Giant

Tether, the world's largest stablecoin issuer, is seeking to expand its investment in South America's agricultural sector by pushing for a majority stake in Adecoagro, a major agribusiness and energy company. The company recently submitted a proposal to acquire the remaining shares of Adecoagro, which would increase its stake from 19.4% to 51%. This move would make Tether the company's majority owner, giving it control over its operations.

Adecoagro is a significant player in South America's agricultural sector, managing over 210,400 hectares of farmland and producing more than 2.8 million tons of agricultural goods, including crops and dairy products. Additionally, it operates several industrial facilities and generates over 1 million megawatt-hours of renewable electricity annually. Thus, Adecoagro is a key food producer and an important contributor to the region's energy sector.

Tether's interest in non-crypto industries is growing, and if this deal goes through, it will give the stablecoin company control over a major agricultural and energy business in South America. This aligns with Tether's broader strategy of diversifying its investments beyond digital assets. In the past year, Tether has invested in artificial intelligence and even a football club, further expanding its reach.

Tether's flagship product, USDT, remains the largest in the market, with a value of over $140 billion. The company is also working with the government of Guinea to help the country with digital transformation, including using blockchain to support economic growth and innovation. A key part of this project is education, with Tether helping to set up digital literacy programs in Guinea, teaching people about blockchain technology. The company also contributes to Guinea's Innovation City project, which supports research and entrepreneurship.