Tether has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro, the world’s largest stablecoin issuer. This is Tether’s first investment in the agriculture and food sector.
Tether has previously made strategic investments in emerging technologies such as artificial intelligence, peer-to-peer platforms, Bitcoin mining, and digital education initiatives.
Tether said it funded the Adecoagro investment from its own working capital. Tether now owns 10,048,249 shares of Adecoagro.
USDT is the largest stablecoin with a market cap of over $118 billion. However, competition is increasing with the entry of new players such as PayPal USD and Ripple USD.
We welcome your comments: How will this new investment by Tether affect the stablecoin market?