Tether the company behind popular Crypto Stable Coin ( USDT) is now investing beyond Treasury bonds and Crypto.
USDT’s parent company Tether made it’s first Investment in the agricultural industry to diversity it’s earnings.
After investing and having a stake in AI ( Artificial Intelligence) , Bitcoin mining and Education industries it’s now investing in Agriculture
Tether has invested around $100 million dollars in a Latin American based Agricultural Firm called Adecoagro.
This marks Tether’s first ever investment in the Agricultural Industry acquiring over 9% stake in the Latin Agricultural giant.
A Recent SEC filling shows Tether acquired 10,048,249 shares of Adecoagro and the funds for the investment came from their working capital
Growing competition in the stable coin markets has been intensifying for last few years
New players emerging and legacy payment platforms are creating their own stable coins making the Stable coin market competitive.
Currently Tether’s USDT stable coin has a total market cap of $118 billion dollars and available on multiple blockchains.