Tether Finalizes Buying 70% of Adecoagro Stake, Shakes Up Board Members

Tether, the issuer behind the practically $150 billion USDT stablecoin, has finalized the acquisition of a 70% stake within the Latin American agricultural agency Adecoagro (AGRO), which has a market cap of practically a billion {dollars}.

Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then supplied to extend it to 51% in February, and lastly raised it to regulate 70% in March.

Read extra: Tether’s $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play

This majority stake offers Tether management over one of the area’s most outstanding meals and bioenergy producers. Adecoagro owns sugar mills, rice farms, dairy operations, and renewable vitality belongings throughout Brazil, Argentina, and Uruguay.

Tether mentioned it goals to assist scale Adecoagro’s output whereas aligning the corporate with its mission of fostering “economic freedom” by means of decentralized finance and funding in underserved markets.

The transfer is perhaps half of Tether’s ambition to tokenize real-world belongings, because it launched its asset tokenization service Hadron final 12 months. The platform was designed to simplify the method of changing a variety of real-world belongings, together with bonds, commodities, shares, different stablecoins, and loyalty factors into digital tokens on blockchain rails.

Read extra: 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 taking another concrete step toward bridging traditional industries with the future of decentralized finance and economic empowerment,” said Paolo Ardoino, CEO of Tether.

Following the deal, Adecoagro’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

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