Home web3.0 Tether's $100M Investment Expands Beyond Digital Finance

Tether's $100M Investment Expands Beyond Digital Finance

Sep 09, 2024 pm 09:38 PM
tether Stablecoin Investment Agriculture

This marks a significant shift for Tether, which has primarily focused its investments on emerging technologies, including artificial intelligence

Tether's 0M Investment Expands Beyond Digital Finance

Stablecoin issuer Tether has made its first foray into the agricultural sector with a $100 million investment in Adecoagro, a Luxembourg-based company engaged in food and bioenergy production.

The acquisition, disclosed in a filing with the U.S. Securities and Exchange Commission on Monday, grants Tether a 9.8% stake in Adecoagro, equating to over 10 million shares.

The move marks a significant shift for Tether, which has primarily focused its investments on emerging technologies, including artificial intelligence, Bitcoin mining, and digital education initiatives.

This marks a significant shift for Tether, which has primarily focused its investments on emerging technologies, including artificial intelligence, Bitcoin mining, and digital education initiatives.

The acquisition grants Tether a 9.8% stake in Adecoagro, equating to over 10 million shares.

Tether’s $100M Investment Expands Beyond Digital Finance

Adecoagro, founded in 2002, is a major player in Latin America’s agricultural sector. It is Argentina’s leading milk producer, with a processing capacity of 550,000 liters per day at its Buenos Aires facility. The company has also expanded into Brazil, where it operates in the sugar, ethanol, and energy industries.

Source: X

Tether used cash from its working capital for the investment, according to a filing with the U.S. Securities and Exchange Commission. This strategic move represents Tether’s diversification beyond digital finance and blockchain-related sectors as it seeks to broaden its investment portfolio.

More About Tether & Adecoagro

Tether 進入農業產業正值穩定幣市場競爭日益激烈之際。穩定幣是與美元等傳統貨幣掛鉤的數位資產,在加密貨幣領域提供流動性和穩定性方面已變得至關重要。以市值計算,Tether 仍然是最大的穩定幣,但 USDC 和 BUSD 等競爭對手正在迅速獲得關注。

來源:X

透過投資 Adecoagro 這樣的現實世界資產,Tether 正在表明其擴大影響力和實現收入來源多元化的意圖。此舉也可能吸引那些在日益波動的加密貨幣市場中尋求更多有形資產的投資者。

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