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Stock impact report

Tether's $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play [Yahoo! Finance]

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: Yahoo! Finance
Agrotoken, together with Adecoagro, started the development of three stablecoins, SOYA, CORA and WHEA, which allow producers to have their own currency represented in grains, Agrotoken CEO Novillo Astrada said. Tether is also working on a tokenization platform expected to launch later this year, Tether CEO Paolo Ardoino said earlier. Tether, issuer of the $118 billion market cap stablecoin USDT, and its latest investment in a Latin American farming giant may not have much in common at first glance, but both companies share ambition in tokenization of real-world assets The stablecoin giant invested $100 million to acquire a 9.8% stake in Adecoagro SA (AGRO), a Luxembourg-based agricultural conglomerate that is listed on the New York Stock Exchange, according to an August filing to the U.S. Securities and Exchange Commission. Adecoagro owns 213,500 hectares of farmland and industrial facilities spread across Argentina, Brazil and Uruguay, with businesses in the crops, rice, dai Show less Read more
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