USDT issuer Tether has made a move into the agriculture sector with a $100 million investment in Adecoagro, a South American agricultural firm.
This represents a strategic shift for the blockchain company, which has previously concentrated on emerging technologies such as artificial intelligence, peer-to-peer platforms, Bitcoin mining, and digital education initiatives. When asked whether the company prioritizes reducing government regulation, as Trump proposes, or implementing safeguards for the crypto industry, as Kamala Harris suggests, he stressed the need for a balanced approach that includes both reduced barriers and effective protections.
Ardoino also mentioned Allow by Tether, a platform that allows for the development of tethered assets that track the price of reference commodities by over-collateralizing them with liquid instruments.in June 2024. According to Ardoino, this product is designed to provide users with a stable and transparent alternative, responding to customer demand for assets that are less volatile than Bitcoin.
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Source: CoinDesk - 🏆 291. / 63 Read more »