PANews reported on March 27 that according to Coindesk, Tether has increased its stake in Latin American agricultural company Adecoagro. According to the announcement, the offer of $12.41 per share will increase Tether's stake in Adecoagro from 51% to 70%, subject to certain closing conditions. Adecoagro's business is mainly focused on sugar, ethanol, dairy and crop production in Argentina, Brazil and Uruguay. The company owns 210,400 hectares of farmland and multiple industrial facilities in these countries.