Tether, the company behind the world’s largest stablecoin USDT, is significantly expanding its footprint in Latin America’s agricultural and renewable energy sector through a strategic agreement with Adecoagro S.A., a major agro-industrial player in South America.
New Tender Offer Aims for 70% Ownership
Under the agreement, Tether Investments S.A. de C.V., a member of the Tether Group, has initiated a tender offer to purchase up to 49,596,510 common shares of Adecoagro at $12.41 per share. If successful, the offer would increase Tether’s ownership to approximately 70% of Adecoagro’s outstanding shares.
The offer is contingent on certain conditions, including achieving a minimum 51% ownership on a fully diluted basis, marking a substantial increase from Tether’s current stake of approximately 19.4%, which it held as of February 2025.
Backing Sustainability and Growth in Agro-Industry
The move signals Tether’s growing interest in diversifying its investments beyond digital assets, with a strong emphasis on sustainability, agriculture, and energy production.
“Tether wants to support Adecoagro’s mission to produce food and renewable energy efficiently and sustainably across Argentina, Brazil, and Uruguay,” the company said in a statement.
Adecoagro operates a vast agro-industrial network across Latin America. The company manages over 210,400 hectares of farmland, and its activities include farming, land transformation, sugar production, ethanol processing, and renewable energy generation. Adecoagro annually produces over 2.8 million tons of agricultural goods and generates more than 1 million megawatt-hours (MWh) of clean electricity.
A Strategic Shift Beyond Crypto
This acquisition builds on an unsolicited, non-binding proposal Tether made in February 2025, when it offered to buy 51% of Adecoagro at the same share price of $12.41. Following the proposal, Adecoagro’s board held a meeting and appointed legal and financial advisors to assess the offer.
The proposed deal reflects Tether’s ongoing strategy of investing in real-world assets and sustainable infrastructure, positioning itself not only as a stablecoin issuer but as a long-term player in global economic development.
Looking Ahead
If the transaction closes as intended, Tether will become the majority stakeholder in Adecoagro, granting it significant influence over one of Latin America’s most prominent sustainable agricultural and energy companies.
The partnership is expected to provide Adecoagro with substantial financial backing, enabling it to scale its operations, pursue ambitious innovation and sustainability goals, and expand its footprint in South America’s agro-industrial landscape.
