Tether increases its stake in Adecoagro to 70%

Odaily News Tether, the issuer of the stablecoin USDT, has increased its stake in Latin American agricultural company Adecoagro. It is reported that Tether has increased its stake in Adecoagro from 51% to 70% at a price of $12.41 per share. After the relevant announcement, AGRO's stock price rose more than 7% to $11.95 in pre-market trading. (CoinDesk)