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Adecoagro is a founder and partial owner in an Argentina-based agricultural commodities tokenization platform Agrotoken.

Tether ventures into agriculture, a surprising shift from its roots as a stablecoin issuer.

Tether has made a $100 million investment in Adecoagro, marking its first move into the agriculture sector as it looks to diversify its portfolio beyond technology and blockchain investments.

Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced its first venture into the agricultural sector by acquiring a 9.8% stake in Adecoagro, a Latin American agricultural leader. What Happened: The $100 million investment was funded by Tether's working capital, giving the company ownership of over 10 million shares of Adecoagro.

This marks a significant shift for Tether, which has primarily focused its investments on emerging technologies, including artificial intelligence, Bitcoin mining, and digital education initiatives. The acquisition grants Tether a 9.8% stake in Adecoagro, equating to over 10 million shares.

The crypto company has acquired a 9.8% stake in Adecoagro.

Tether (USDT) is becoming more influential with its significant generation of revenue from its T-bill reserves. USDT is also a source of Ethereum fees as one of the most active smart contracts.

Tether has acquired a 9.8% stake in Adecoagro, Latin America's major player in the agricultural sector for a pile of cash.

Tether, the company behind the world's largest stablecoin by market capitalization, USDT, has ventured into the agriculture and food sector.

Tether, the issuer of the world's largest stablecoin, USDT, is further diversifying its operations by expanding into agriculture.

Tether's recent investment in an Argentinian agricultural giant complements its portfolio of gold and bitcoin investments, the company said.

This is Tether's first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.

Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay.

Tether's move to back a synthetic dollar with gold could enhance stability and transparency in the crypto market, especially amid regulatory scrutiny. The post Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino appeared first on Crypto Briefing.

Alameda wallets may keep affecting the market, even with remnant coins and tokens. Alameda is suspected of still holding WLUNA, a potentially valuable token that can remain locked after the grace period of the temporary Shuttle Bridge.

The defunct cryptocurrency exchange FTX is in the final stages of repaying its customers and creditors using stablecoins as initially planned. Earlier today, the address associated with the cryptocurrency exchange received 6.275 million USDT from OKX.

Bitcoin demonstrated a significant increase in the past 24 hours, showing some recovery from its previous lows. Despite this upward movement, Bitcoin is still trading below the important $60,000 level.

Tether's USDT stablecoin has reached a significant milestone on the TON blockchain, with over one million addresses holding the asset in less than six months. This rapid growth reflects the increasing global adoption of USDT, pushing its market cap to new levels.

Binance Simple Earn launches a special promotion for new users, offering up to 11.5% APR on USDC, USDT, and ETH Flexible Products.

The crypto currency market is rife with speculation about the potential movements of various tokens, and XRP (Ripple) is currently at the center of a significant discussion. If XRP were to match the market capitalization of Tether (USDT), the world's largest stable coin, its price could experience a dramatic surge.

Tether and Reku announce a collaboration to promote crypto literacy in Indonesia through a roadshow covering ten major cities.

Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC's curriculum.

Tether, USDT issuer, has partnered with Indonesian crypto exchange Reku to organize a nationwide program to educate residents about cryptocurrency and blockchain technology. The program will last seven months, covering ten major cities in the country, between September 2024 and March 2025.

Tether Operations Limited announced a strategic partnership with Indonesian cryptocurrency exchange Reku on September 4, to promote crypto literacy through a roadshow across ten major cities in Indonesia.