Tether raises Adecoagro stake to 70%, adds Italian media firm to portfolio

Tether, issuer of the USDT stablecoin, has increased its stake in Latin American agriculture firm Adecoagro from 51% to 70% through a $12.41 per share offer, according to CoinDesk. Adecoagro operates across Argentina, Brazil and Uruguay. Tether also acquired a 30.4% stake in Italian media company Be Water for €10 million as part of its broader diversification strategy.