Tether Increases Stake in Latin American Agriculture Firm Adecoagro

According to PANews, Tether has expanded its investment in the Latin American agricultural company Adecoagro. The announcement reveals that Tether's offer of $12.41 per share will increase its ownership in Adecoagro from 51% to 70%, contingent upon certain conditions being met. Adecoagro's operations are primarily focused on the production of sugar, ethanol, dairy, and crops in Argentina, Brazil, and Uruguay. The company manages 210,400 hectares of farmland and operates several industrial facilities across these countries.