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Tether’s Next Death Defying Move Will Make You Wonder if They’re Actually a Bank or Just Some Guy With a Printer

Crypto NewsRegulation/NegotiationStablecoins 1 Sam Rogers September 9, 2024

A figure representing money or wealth, with a green and white striped shirt (Tether's colors), is shown holding onto a large tree branch labeled as 'agriculture', while another branch labeled as 'stablecoin' breaks free from the main trunk. In the background, various other branches are being chopped away by unseen hands, symbolizing competition in the stablecoin market.

Tether’s latest move is as predictable as a Bitcoin pump, folks! They’re investing $100M in an agricultural firm because why not? It’s not like they have any inherent value to speak of. I mean, who needs actual assets when you can just print numbers on a computer and call it stablecoin magic? Tether’s got nothing but cash from their own working capital (read: hot air) for this Adecoagro investment. How quaint.

Source: cointelegraph

Tether invests $100M in agriculture firm as stablecoin competition grows
https://cointelegraph.com/news/tether-100-m-stake-adecoagro
Tether, the issuer of the world’s largest stablecoin, has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro. This is Tether’s first investment in the agriculture and food sector.   Previously, Tether had made strategic investments in emerging technologies, such as artificial intelligence and peer-to-peer platforms, Bitcoin (BTC) mining operations, and digital education initiatives, the company said in a filing.  Filing with the US Securities and […]

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Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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