Tether's $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play

📆 09/09/2024 15:46:00
📰 CoinDesk

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Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC.

Tether acquired a nearly 10% stake for $100 million in NYSE-listed agricultural conglomerate Adecoagro SA, a regulatory filing shows.

Tether is also working on a tokenization platform expected to launch later this year, Tether CEO Paolo Ardoino said earlier. The stablecoin giant invested $100 million to acquire a 9.

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