Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $ 100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, …
The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading Places” film, is expected to keep rising due to climate factors and Brazil’s worst orange harvest […]
In a recent funding initiative, the Solana-based Agridex project secured $ 5 million in a pre-seed round aimed at enhancing the tokenization of agricultural commodities. The funding, led by Endeavour Ventures, included contributions from African Crops Limited and Oldenburg Vineyards. Agridex Attracts $ 5 Million to Develop Solana-Powered Agricultural Marketplace Agridex‘s platform, which …