TechFlow news, May 1 — According to CoinDesk, Tether, the issuer of the world's largest stablecoin USDT, has completed its acquisition of a 70% stake in Latin American agricultural company Adecoagro (AGRO). With a market capitalization close to $1 billion, Adecoagro is a leading producer of food and bioenergy in the region.
Tether's acquisition was executed in three phases: an initial investment of $100 million for a 9.8% stake in September 2024, increasing ownership to 51% in February 2025, and finally raising it to 70% in March, securing controlling interest.
Following the acquisition, Adecoagro's board was restructured, with five former directors stepping down and being replaced by executives aligned with Tether's strategic goals. Uruguayan businessman Juan Sartori has been appointed as the new chairman.
Tether CEO Paolo Ardoino said: "By combining Adecoagro’s expertise in agriculture and renewable energy, we are taking concrete steps to connect traditional industries with the future of decentralized finance and economic empowerment."
