Tether is setting its sights on acquiring a majority stake in Adecoagro, a major player in the production of milk, rice, and renewable energy in South America. The proposal has been confirmed, and Adecoagro is currently reviewing it alongside financial and legal advisors.

This strategic move from Tether underscores its ambitions beyond the traditional cryptocurrency space, signaling an interest in establishing its presence in essential agricultural functions. The outcome of this proposal could have substantial implications for both Tether and the agribusiness industry.