Tether has invested $102 million in South American agricultural conglomerate Adecoagro, taking a 9.8% stake. The move is part of a move to diversify Tether's portfolio beyond its investments in Bitcoin and gold. The company sees land as a "critical asset" with long-term value, especially in times of political uncertainty. The move follows Tether's record $5.2 billion profit in the first half of 2024.