Tether Eyes Majority Stake in Latin American Agro Firm Adecoagro with $12.41 per Share Offer

Tether, the issuer of the world’s largest stablecoin USDT, is seeking to increase its stake in Latin American agricultural company Adecoagro.  Adecoagro disclosed the development today, noting that it received an offer from a subsidiary of Tether to increase its stake to 51%.  Tether had invested in Adecoagro on different occasions, including a $100 million investment in September 2024. It holds 19.4% of Adecoagro shares and is pushing to increase its stake to 51%.  According to the announcement, the stablecoin issuer made a tender offer of $12.41 per share. This represents a 26.65% premium increase compared to the share’s current trading price of $9.79.  Following Tether’s proposal, Adecoagro’s Board of Directors had an emergency meeting on February 16, 2025, to ascertain whether to accept the offer. They also engaged financial and legal experts to assess whether the offer aligns with shareholders’ interests.  Next Move?  If the experts conclude their assessment and give Adecoagro the green light to proceed, Tether will submit an official offer statement to the SEC. Afterward, the agro giant will also file a recommendation statement with the securities regulator.  It is worth noting that Adecoagro is a prominent agricultural company in Latin America, operating in Uruguay, Brazil, and Argentina.  The company manages over 210,000 hectares of farmlands across these regions, producing several agricultural commodities. Its business also extends to renewable energy.  Tether Eyes US Expansion Amid Tensed Competition in Stablecoin Market  Meanwhile, Tether’s USDT ranks as the largest stablecoin in the world, boasting a valuation of $141.73 billion.  Competition in the stablecoin market has intensified recently, with top firms like Ripple and PayPal venturing into the sector. The PayPal USD stablecoin (PYUSD) is currently valued at $646.43 million. At the same time, the Ripple USD (RLUSD) has a market cap of $53.4 million.  Nonetheless, Tether has continued to record significant growth, with the company declaring a profit of $10 billion in 2024. As a result, it revealed plans to expand its operations in the United States following its acquisition of a $775 million stake in the U.S.-based video-sharing platform Rumble Inc.