“The USDT Issuer Expands Beyond Crypto with A Controlling Stake in Adcoagro, A Majoor Latin American Producer.”, – WRITE: www.coindesk.com
Tether Initially Inwested $ 100 Million in Adecoagro in September 2024 for A 9.8% Stake, THEN OFFERED TO INCREASE IT TO TO 51% IN FEBRUARY, AND FINALLY RAISED IT TO MARL 70%.
Read More: Tether’s $ 100m Investment in Latam Agriculture Firm May Be a Tokenization Play
This Majority Stake Gives Tether Control Over One of the Region’s Most Prominent Food and Bionergy Producers. Adecoagro OWNS Sugar Mills, Rice Farms, Dairy Operations, and Renewable Energy Assets Across Brazil, Argentina, and Uruguay.
Tether Said It Aims to Help Scale Adecoagro’s Output While Aligning The Company With Its Mission of Fostering “Economic Freedom” ThoUGHHHHHHHHHE 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. The Platform Was Designed to Simplify the Process of Converting a Wide Range of Real-World Assets, Including Bonds, Commodities, Stocks, Other StableCoins Rails.
Read More: Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States
“By aligning with in adecoagro’s proven expertise in agriculture and renewable energy, we are tapping another confrete Step Toward Bridging Traditional Industries with the Future of Decent. EMPOWERMENT, “SAID PAOLO ARDOINO, CEO OF TETHER.
Following the Deal, Adcoagro’s Board Was Also Reshuffled. Five Members Stepped Down and Were Replaced by Executives Tied to Tether and Its Strategic Goals. Juan Sartori, A Uruguayan Businessman With Political and Agricultural Interests, Took Over As Chairman.
In the past year, Tether has launched ventures in bitcoin mining, ai, and encrypted communications. Agro’s Shares Were Up 2.6% on Wednesday.
Read More: Tether’s $ 100m Investment in Latam Agriculture Firm May Be a Tokenization Play
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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