- Tether leads €30M funding round in Bit2Me to support EU and Latin American expansion.
- Bit2Me gains MiCA approval, enabling crypto services across all 27 EU nations.
- Argentina is targeted as a key market with Bit2Me holding a local crypto service license.
Tether leads €30 million funding round in Spanish cryptocurrency exchange Bit2Me, securing a minority stake in the company. The funding was led by Tether Ventures, the El Salvador-based investment arm of Tether, the issuer of the USDT stablecoin. This move aligns with Tether’s strategy to increase its role in the broader digital asset ecosystem. The investment adds to Bit2Me’s existing roster of backers, which includes Spanish firms Telefónica, BBVA, Unicaja, and CajaBank.
The capital injection will support Bit2Me’s expansion in the European and Latin American markets. The exchange has been positioning itself as a leading crypto infrastructure provider in Spanish-speaking regions.
Tether’s support is expected to strengthen Bit2Me’s market position and improve its service capacity. The size of Tether’s stake and Bit2Me’s new valuation have not been disclosed.
Bit2Me Gains Regulatory Approval Under MiCA
Bit2Me became the first Spanish-speaking crypto company to be issued a license under the European Union Markets in Crypto-Assets (MiCA) regulation. This was certified by the National Securities Market Commission (CNMV) of Spain, enabling Bit2Me to conduct business in all the EU countries.
Bit2Me plans to use part of the funding to enhance its regulatory-compliant service offerings. The approval under the MiCA framework is expected to attract more institutional partnerships. It also opens the door to long-term sustainable operations in the European crypto market. This development marks a significant step for the company’s growth and regulatory strategy.
Expansion into Latin America, Focused on Argentina
One of the essential parts of the growth strategy of Bit2Me is the expansion in Latin America, with Argentina being one of the primary target countries. Inflation has led to the growth in demand for digital asset services in Argentina. Bit2Me is also licensed in the country as a Virtual Asset Service Provider and therefore legally allowed to trade cryptocurrencies. The firm will use the new investment to expand deeper in the region.
The investment will also be involved in the development of a localized crypto facility that would serve Latin American users. This involves the adoption of new products that meet market requirements and regulations. Bit2Me will enhance the use of crypto assets among retail and institutional customers. It is projected that the financing will accelerate Bit2Me’s growth timelines into new regions.
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The Wider Play by Tether in Crypto Infrastructure
The investment of Tether in Bit2Me indicates a change of focus in the company, which is no longer limited to stablecoin issuance but has moved into infrastructure building. The company has, via Tether Ventures, invested in various areas such as sports, agriculture, and online platforms. Such initiatives align with Tether’s plans to become a deeper part of the global financial system.
The investment also allows Tether to increase its reach in the major geographies in the cryptocurrency market. Tether enhances the usability and availability of USDT by partnering with regulated exchanges like Bit2Me. The transfer is in line with the incorporation of stablecoins to more regional ecosystems. It indicates Tether’s determination to create a regulated, stable structure for worldwide cryptocurrency adoption.
Tether’s investment in Bit2Me reflects a broader trend of stablecoin issuers becoming more involved in the underlying infrastructure of the crypto ecosystem. By backing exchanges, service providers, and other foundational platforms, companies like Tether are moving beyond token issuance to shape how the digital asset economy operates.
