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0 0 0.00054024851431667 0.00054024851431667 0 0.0100486223662885 0.00918422474338205 0.00918422474338205
Stock impact report

Crypto [BNN Bloomberg (Canada)]

Adecoagro S.A. Common Shares (AGRO) 
Last adecoagro s.a. common shares earnings: 5/21 04:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.adecoagro.com
Company Research Source: BNN Bloomberg
The company aims to embed its stablecoin, a digital currency pegged to the U.S. dollar that trades in crypto exchanges, into the core of markets where raw materials are bought and sold, promising to slash cross-border payment costs and times from days to seconds. New York-listed Adecoagro, a company that produces dairy in Argentina, rice in Uruguay and sugar and ethanol in Brazil, among other products, agreed in April to sell 70 per cent of its shares to Tether in a deal valued at around US$600 million. It is another sign that the quickly-expanding crypto industry is moving into brick-and-mortar businesses, and broadening investments in physical assets. “The crypto industry is increasingly focused on bridging digital finance with tangible assets,” said Joe Sticco, chief executive of Cryptex Finance, a company that created indexes that mirror cryptocurrencies' market caps. He said that by adding income-generating assets like farmland or food processing plants, Tether could str Show less Read more
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