1-5-2025 – Stablecoin giant Tether has secured a controlling 70% stake in Adecoagro, the multinational agricultural powerhouse valued at nearly a billion dollars.
The strategic investment, which began with a $100 million minority stake last autumn, has evolved through a series of calculated moves, culminating in Tether’s majority ownership this March. The transaction marks a significant pivot for the USDT issuer, whose digital currency reserves exceed $150 billion.
Adecoagro’s extensive portfolio, spanning sugar production, rice cultivation, dairy farming and renewable energy facilities across Brazil, Argentina and Uruguay, positions Tether at the heart of Latin America’s agricultural sector. The acquisition dovetails with Tether’s broader vision of democratising finance through blockchain technology, particularly in emerging markets.
Paolo Ardoino, Tether’s chief executive, emphasised the strategic significance of merging traditional agriculture with decentralised finance: “This partnership with Adecoagro represents a concrete bridge between established industry and tomorrow’s financial landscape.”
The transaction has prompted a substantial boardroom reshuffle, with Uruguayan entrepreneur Juan Sartori ascending to the chairman’s position. Five directors have departed, making way for executives aligned with Tether’s strategic objectives.
The deal follows Tether’s launch of Hadron, its asset tokenisation platform, which aims to transform conventional assets into blockchain-based tokens. This acquisition potentially signals Tether’s intention to tokenise agricultural assets, adding to its expanding portfolio of ventures in bitcoin mining, artificial intelligence and encrypted communications.
The market responded positively to the announcement, with Adecoagro’s shares climbing 2.6% in Wednesday’s trading session.
