LUXEMBOURG, 4 April 2025: Tether, the leading stablecoin company, has successfully completed its $615 million acquisition of a majority stake in Adecoagro, a Latin American agricultural powerhouse.

The all-cash deal, which grants Tether a 51% stake in the company, marks a significant step in Tether's strategic expansion into the agricultural sector.

Adecoagro, which produces over 2.8 million tons of agricultural products annually, has long been known for its innovation, particularly in food production and renewable energy. Mariano Bosch, CEO and co-founder of Adecoagro, emphasized the common technological goals between the two companies, despite their different industries. "The adoption of cutting-edge technology is a key factor in our strategy to be the most efficient producers," Bosch said.

Paolo Ardoino, CEO of Tether, highlighted the acquisition’s alignment with Tether's broader mission. "Our investment is aligned with Tether’s strategy of backing innovation and productivity in emerging markets, especially where these values are most needed."

The acquisition is part of Tether's broader investment strategy, managed by its capital arm, Tether Investments, which has a fund nearing $3 billion. Additionally, reports suggest that Tether may be eyeing Bioceres, an Argentine biotech company, as its next potential acquisition. Despite a significant drop in stock value this year, Bioceres, which focuses on crop productivity solutions across 40 countries, remains an attractive target with a market capitalization of around $300 million.

As Tether strengthens its position in the agriculture and biotech sectors, this move signals its commitment to diversifying its portfolio and supporting innovation in industries critical to global economic resilience.