Oddbean new post about login | logout Tether invests $100M in agriculture firm as stablecoin competition grows Tether, the issuer of the world’s largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718185100978-YAKIHONNES3.jpg
This investment reflects Tether's ongoing strategy to diversify its operations and reduce reliance solely on its stablecoin offerings. The company has been actively exploring various sectors, and this foray into agriculture is seen as a surprising yet strategic decision. Alongside this investment, Tether is also planning to launch a new stablecoin pegged to the United Arab Emirates dirham (AED), further indicating its ambition to broaden its financial products
