Tether Completes Acquisition of 70% Stake in Adecoagro, Revamps Board of Directors

Tether, the company responsible for the approximately $150 billion USDT stablecoin, has successfully acquired a 70% ownership interest in Adecoagro, an agricultural enterprise based in Latin America valued at nearly a billion dollars.

Initially, Tether invested $100 million in Adecoagro in September 2024, securing a 9.8% stake. This was followed by an offer to increase their stake to 51% in February, culminating in the acquisition of a 70% stake in March.

With this majority ownership, Tether now oversees one of the leading food and bioenergy producers in the region. Adecoagro operates sugar mills, rice farms, dairy facilities, and renewable energy resources across Brazil, Argentina, and Uruguay.

Tether’s objective appears to be enhancing Adecoagro’s production capabilities while synchronizing the firm’s operations with a mission to promote “economic freedom” through decentralized finance and investment in underrepresented markets.

This strategic move may align with Tether’s long-term goal of tokenizing traditional assets. The firm introduced its asset tokenization platform, Hadron, last year, aimed at streamlining the transformation of various tangible assets—including bonds, commodities, stocks, stablecoins, and loyalty points—into digital tokens on blockchain networks.

Paolo Ardoino, Tether’s CEO, emphasized the company’s commitment to merging traditional sectors with the future of decentralized finance and economic empowerment by leveraging Adecoagro’s established expertise in farming and renewable energy.

In the wake of the acquisition, changes were made to Adecoagro’s board, with five members resigning to make way for new executives aligned with Tether’s strategic vision. Uruguayan entrepreneur Juan Sartori, who has vested interests in agriculture and politics, has been appointed as the chairman.

Over the past year, Tether has ventured into Bitcoin mining, artificial intelligence, and secure communication channels. Following the announcement, Adecoagro’s stock saw an increase of 2.6% on Wednesday.