Tether Invests $100M in Agriculture Amid Stablecoin battle
Tether the powerhouse behind USDT has taken a bold step into the agriculture sector by investing $100 million in Latin American agribusiness giant Adecoagro. This move gives Tether a 9.8% stake in the company, marking its first significant venture outside of crypto.
As the stablecoin market heats up with new players like PayPal's USD-pegged coin and Ripple Labsâ RLUSD, Tether's investment in Adecoagroâa leader in Argentinaâs dairy and Brazil's sugar, ethanol, and energy sectorsâsignals its strategy to diversify and solidify its position.
Tether isnât stopping here. The company plans to launch a dirham-backed stablecoin in collaboration with UAE-based firms, reinforcing its influence in the global digital economy this highlight its intent to remain a dominant force.
