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Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
The Coin Rise 2025-02-18 23:42:38

Tether Pushes for Majority Stake In LATAM’s Adecoagro

Tether Pushes for Majority Stake In LATAM’s Adecoagro

Tether, the world’s largest stablecoin issuer, seeks to expand its investment in South America’s agricultural sector. The company recently submitted a proposal to acquire the remaining shares of Adecoagro, a major agribusiness and energy company. Tether Offers to Buy More Shares Tether is offering $12.41 per share, which, if approved, would increase its stake from 19.4% to 51%. This would make Tether the company’s majority owner, giving it control over its operations. This move further solidifies the stablecoin issuer’s expansion strategy beyond digital assets. Last September, the stablecoin issuer acquired a 9.8% stake in Adecoagro , which currently owns 19.4% of the agricultural company. On February 14, Tether offered $12.41 per share to buy the rest. If accepted, this would make Tether the majority owner. Adecoagro’s Board of Directors is carefully reviewing the proposal. On February 16, they brought in legal and financial experts to study the deal’s impact. After a full evaluation, a final decision will be made. Adecoagro’s Role in South American Agriculture and Energy Adecoagro is a major player in South America’s agricultural sector, managing over 210,400 hectares of farmland. The company produces more than 2.8 million tons of agricultural goods, including crops and dairy products. Additionally, it operates several industrial facilities and generates over 1 million megawatt-hours of renewable electricity annually. Thus, Adecoagro is a key food producer and an important contributor to the region’s energy sector. Tether’s interest in non-crypto industries is growing. If this deal goes through, it will give the stablecoin company control over a major agricultural and energy business in South America. This aligns with Tether’s broader strategy of diversifying its investments beyond digital assets. Tether’s Expanding Influence Beyond Stablecoins Tether is no longer just a stablecoin company. In the past year, it has invested in Bitcoin mining , artificial intelligence (AI), and even a football club. With this move into agribusiness, Tether is expanding its reach even further. At the same time, Tether’s flagship product, USDT, remains the largest in the market, with a value of over $140 billion. The company is also working with the government of Guinea to help the country with digital transformation, including using blockchain to support economic growth and innovation. A key part of this project is education. Tether is helping set up digital literacy programs in Guinea, teaching people about blockchain technology. The company also contributes to Guinea’s Innovation City project, which supports research and entrepreneurship. The post Tether Pushes for Majority Stake In LATAM’s Adecoagro appeared first on TheCoinrise.com .

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