Tether invests €30m in Bit2Me to grow in EU and LATAM

The company that created the world's largest stablecoin, USDT, Tether, announced that it will become the lead investor in Bit2Me, a Spanish platform, with a EUR 30 million investment. Tether led the funding round, which will close in the coming weeks, acquiring a minority stake as part of the deal.

Bit2Me recently obtained a major licence, becoming the first Spanish-language cryptocurrency exchange to receive the status of a digital asset service provider (CASP) under the EU's MiCA regulation. This paves the way for it to operate legally in all 27 EU member states, thanks to the principle of 'passporting'.

The funds will be used for aggressive expansion: strengthening its presence in Europe and actively entering Latin American markets, particularly Argentina, where interest in cryptocurrencies is growing due to economic instability.

Other investors, including major Spanish institutions such as Telefónica, BBVA and Unicaja, are participating in the round, although details of the deal - including the valuation of the company and the exact percentage of Tether's stake - have not been made public.

This is a strategic move for Tether. After USDT was delisted from a number of European platforms for non-compliance with MiCA requirements, the company found an alternative solution by investing in a regulated platform, thus gaining a presence in the region without having to go through the licensing process directly.

According to Paolo Ardoino, CEO of Tether, Bit2Me demonstrates a commitment to creating a reliable, open and user-centric infrastructure, perfectly aligned with Tether's mission to build an open and accessible financial system for all. For his part, Andrei Manuel, co-founder and COO of Bit2Me, emphasised that this partnership simplifies the growth path in Europe and Latin America, markets that are just beginning to unlock the potential of decentralised finance.

This funding round marks a new phase, where crypto companies are increasingly partnering with regulated platforms to thrive in an evolving regulatory environment, particularly with the entry into force of MiCA in the EU.

Tether is investing €30m and acquiring a minority stake in Bit2Me. Bit2Me is the first Spanish-language exchange with a MiCA licence, with the ability to operate across Europe. The funds will support expansion in Europe and Latin America, with a focus on Argentina. The agreement represents a strategic bypass of European regulatory barriers for Tether and reflects a growing alliance between stablecoin issuers and regulated exchanges.