Why crypto giant Tether bought a South American farming company [Yahoo! Finance Canada]
Adecoagro S.A. Common Shares (AGRO)
Last adecoagro s.a. common shares earnings: 5/21 04:13 pm
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Source: Yahoo! Finance Canada
NEW YORK (Reuters) -Crypto powerhouse Tether, the world's largest digital assets company, is leveraging its recent acquisition of a South American agricultural firm to make a strategic play for the multi-trillion dollar a year global commodities trade. 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% of its shares to Tether in a deal valued at around $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 tangibl
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News
- Assessing Adecoagro (NYSE:AGRO) After Its $300 Million Follow-On Equity Offering: Is the Stock Undervalued? [Yahoo! Finance]Yahoo! Finance
- Adecoagro Completes The Acquisition of ProfertilPR Newswire
- ADECOAGRO S.A. ANNOUNCES PRICING OF UNDERWRITTEN OFFERING OF COMMON SHARESPR Newswire
- Nutrien Completes Sale of Equity Position in Profertil S.A. [Yahoo! Finance]Yahoo! Finance
- Biggest stock movers Wednesday: GME, GEV, CBRL, and more [Seeking Alpha]Seeking Alpha
AGRO
Sec Filings
- 12/16/25 - Form SCHEDULE
- 12/15/25 - Form 6-K
- 12/12/25 - Form 424B5
- AGRO's page on the SEC website