Tether invests $100 million in agriculture company AdecoAgro, acquiring 9.8% stake

Tether, the world's largest stablecoin issuer, has entered the agriculture and food sector for the first time. Tether is investing $100 million in Adecco, a major Latin American agricultural company.
The transaction marks Tether’s first investment in the agriculture and food sector, having previously invested in artificial intelligence.
He has invested in emerging technologies including intelligence, P2P platforms, Bitcoin mining operations and digital education initiatives.
Tether said it used cash from its operating funds to invest in Adecoagro.
Tether currently owns 10,048,249 shares of Adecoagro, representing 9.8% of the company's outstanding common stock.
Founded in 2002, Adecoagro produces 550,000 rubles a day at its factory in Buenos Aires.
It is Argentina's leading milk producer with the capacity to process 10,000 bottles of milk per day. In 2005, the company expanded into sugar, ethanol and energy businesses in Brazil.