USDT News: Tether Plans to Acquire Majority Stake in Adecoagro for $1.24 Billion

In a significant move, Tether, the issuer of the popular USDT stablecoin, has announced its intention to acquire a 51% stake in Adecoagro, a South American energy and agricultural company, for a reported $1.24 billion.

Tether Plans to Acquire 51% Stake in Adecoagro for $1.24 Billion

Tether, the company behind the USDT stablecoin, has made a bid to acquire a controlling stake in South American energy and agricultural firm Adecoagro. The proposal, valued at $1.24 billion, would increase Tether’s ownership in Adecoagro to 51%. Adecoagro stated in a press release that Tether sent an unsolicited, non-binding proposal to its Board of Directors on Feb 14, 2025, offering to buy more shares at $12.41 per Common Share through a tender offer. Tether is already a significant shareholder in Adecoagro, owning 19.4% of the company’s outstanding Common Shares as of November 14, 2024. The stablecoin firm initially invested in Adecoagro in September 2024, purchasing a 9.8% stake for $100 million.

Tether Co-Founder Backs New Stablecoin Project, Pi Protocol, To Compete With Tether

Reeve Collins, co-founder of Tether, has announced his support for a new stablecoin project, Pi Protocol, which aims to compete with Tether. Collins believes that Pi Protocol represents the evolution of stablecoins, addressing some of the issues present in the current market. The project plans to put a high valuation on Treasury bonds to build up reserves and comply with regulations where Tether’s USDT has failed. With impending US stablecoin regulations, Pi Protocol may have a crucial chance to succeed in the market.

Tether Co-Founder Launches New Stablecoin Project

Reeve Collins, co-founder of Tether (USDT), is entering the stablecoin market with Pi Protocol, a decentralized, yield-generating stablecoin set to launch on Ethereum and Solana in late 2025. The project aims to challenge dominant players by leveraging tokenized real-world assets like U.S. Treasuries.