Tether's Bold Move: Stablecoin Giant Eyes Agribusiness and Energy

Tether, the issuer of the world's largest stablecoin, has submitted a non-binding proposal to acquire a majority stake in Adecoagro, a South American agribusiness and energy company. The move signals Tether's ambition to expand beyond stablecoins and bolster its energy portfolio.

On February 14, Tether offered to purchase the remaining common shares of Adecoagro at $12.41 per share, which would raise its stake from 19.4% to 51%, making it the dominant shareholder. Adecoagro's Board of Directors is currently evaluating the offer, having held a meeting on February 16 to review the proposal and engage legal and financial advisors to assess its implications.

Adecoagro operates across Argentina, Brazil, and Uruguay, managing 210,400 hectares of farmland and several industrial facilities. The company produces over 2.8 million tons of agricultural goods and generates more than 1 million MWh of renewable electricity annually. Tether's push for a controlling stake in Adecoagro aligns with its recent strategy of diversifying beyond stablecoins, as the company has invested in various sectors such as real estate, sports, and even a football club over the past year.

In addition to its acquisition efforts, Tether has signed a strategic agreement with Guinea's government to support the country's digital transformation. The Memorandum of Understanding (MoU) aims to harness blockchain and peer-to-peer technologies to accelerate economic growth and position Guinea as a leader in Africa's digital economy. The partnership focuses on education and the development of a thriving hub for technology, research, and entrepreneurship in the region.