Tether Finalizes Buying 70% of Adecoagro Stake, Securing Tokenization Ambition
The USDT issuer expands beyond crypto with a controlling stake in Adecoagro, a major Latin American producer.
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Tether
The USDT issuer expands beyond crypto with a controlling stake in Adecoagro, a major Latin American producer.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Tether reported the first attestation report for its Tether Gold product under new El Salvador regulations as gold demand surges globally
A WSJ article delved into the contrasting styles between Tether’s Giancarlo Devasini and Circle’s Jeremey Allaire.
This coincided with the launch of Donald Trump’s memecoin $TRUMP which caused a wave of inflows to the network
The group also increased its bitcoin holdings last quarter for the first time since March, holding nearly 84,000 BTC worth about $7.8 billion as of year-end.
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether’s expansion aims to spur activity to the Bitcoin-based ecosystem.
The stablecoin behemoth is setting up shop for the group and its companies in the nascent crypto hub.
Tether’s market cap has declined by over 1% this week, the steepest drop since the crash of FTX in November 2022.
Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.