Tether Acquires 70% Stake in Adecoagro, Expands Into Agriculture

Tether finalized the purchase of a 70% stake in Latin American agricultural firm Adecoagro (AGRO) in March, signaling a deeper alignment with Tether's long-term strategy. This acquisition follows an initial $100 million investment in Adecoagro in September 2024 for a 9.8% stake, which was then increased to 51% in February. This majority stake gives Tether control over one of the region's most prominent food and bioenergy producers across Brazil, Argentina, and Uruguay. Tether aims to scale Adecoagro's output while aligning the company with its mission of fostering "economic freedom" through decentralized finance. The move might be part of Tether's ambition to tokenize real-world assets, as it launched its asset tokenization service Hadron last year. Following the deal, Adecoagro's board was reshuffled, with Juan Sartori taking over as chairman. AGRO's shares were up 2.6% on Wednesday.