It is Tether’s first investment in the agriculture and food sector as the company invested in artificial intelligence, Bitcoin mining, and digital education before.
Tether, the creator of the largest stablecoin, has placed $100 million to take an ownership stake of 9 percent in the company. Adeo Fluor has found a partner in Latin American agricultural behemoth Adecoagro where it picked up an 8% stake. It is the first time that Tether directly invested in the agriculture and food industry or any investment designation.
Before Tether had invested in certain promising markets including artificial intelligence and peer-to-peer technology, bitcoin BTC tickers down $53,807 in mining, and digital education, it disclosed to the public.