Tether CEO Paolo Ardoino posted a cow GIF on Monday, captioned 'Here's a Stable Cow,' confirming the stablecoin issuer's majority stake in agribusiness Adecoagro (AGRO). According to reports from CoinDesk, Tether raised its Adecoagro position to roughly 70% in 2025 through a tender offer, marking a significant expansion in the company's real asset portfolio. The joke references Adecoagro's agricultural operations, which include sugarcane, rice, and dairy farming with a herd exceeding 14,500 milking cows.
Investors responded positively to the strategic confirmation, with AGRO closing Monday at $11.38, representing a gain of 5.96%. As reported by CoinDesk, this valuation places the producer near $1.55 billion, reflecting market confidence in the agricultural-to-crypto integration strategy. The 'Stable Cows' label also addresses Tether's reserve debate, as KPMG signed off on the 2025 accounts, though the verified excess reserve cushion has since shrunk 40% due to the complex nature of hard asset liquidity calculations.
Adecoagro controls more than 230 megawatts of renewable generation across South America, supplying output through sugarcane bagasse, biogas, and mill cogeneration. According to CoinDesk reports, this renewable energy infrastructure enables Tether to route surplus power into mining operations instead of dumping it on volatile spot markets. Both companies signed a mining memorandum in September 2025, with Adecoagro CEO Mariano Bosch positioning it as a strategy to lock in power pricing for energy currently sold on spot markets.
The farming operations include four free-stall dairy units located in the Argentine Humid Pampas, alongside two biodigesters that convert cattle waste into biogas for local grid supply. As reported by CoinDesk, Tether operates these mining sites using in-house software that the firm open-sourced, providing direct control over uptime, rig fleets, and power costs. The company's next earnings will demonstrate whether Tether can beat grid contracts on cost, while investors will monitor how quickly the farms are integrated into broader real-world asset plans.
