Tether, the entity behind the almost $150 billion USDT stablecoin, has completed the acquisition of 70% of Adecoagro, a prominent agricultural firm in Latin America valued near $1 billion.

Originally, Tether invested $100 million into Adecoagro in September 2024, initially acquiring 9.8% of the stake. This was followed by an enhancement to 51% in February and subsequently increasing it to 70% in March.

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Key Highlights:

• Tether boosts its control over Adecoagro, enhancing its position in the agricultural sector.
• This acquisition aligns with Tether’s vision of merging traditional industries with decentralized finance.
• Changes in the board reflect a closer alignment with Tether’s long-term objectives.

Tether noted that this stake allows them to increase Adecoagro’s output while promoting economic freedom through decentralized finance in underbanked markets.

Tether aims to develop real-world asset tokenization, leveraging its recently launched Hadron platform, which simplifies converting various assets into digital tokens.

“By collaborating with Adecoagro’s expertise in agriculture and renewable energy, we are progressing towards integrating traditional industries with the future of decentralized finance,” stated Paolo Ardoino, Tether’s CEO.

Following the acquisition, Adecoagro saw a board reshuffle; Juan Sartori, a businessman from Uruguay, was appointed as chairman.

In the past year, Tether has ventured into bitcoin mining, AI, and encrypted communications, showcasing its expansive interests.