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Tether Acquires Stake in Spanish Exchange Bit2Me in €30M Deal
In a significant move, Tether, the issuer of the largest stablecoin USDT, has acquired a minority stake in Spanish cryptocurrency exchange Bit2Me and led a €30 million funding round to accelerate the platform’s expansion into European and Latin American markets.
The partnership aims to strengthen Bit2Me’s competitive position in Spain and set the stage for ambitious growth across Europe. This major investment will be utilized to enhance the exchange’s infrastructure, develop new trading pairs, and execute a broader marketing push.
Significant Regulatory Milestone
In another notable milestone, Bit2Me has recently secured approval from Spain’s CNMV (Commission Nacional del Mercado de Valores) to operate as a Crypto-Asset Service Provider according to the European Union’s Markets in Crypto-Assets regulation. This groundbreaking license makes Bit2Me the first Spanish-speaking platform approved to operate across all 27 EU member states with a unified regulatory passport.
This approval underpins Bit2Me’s commitment to compliance and transparency, providing users with peace of mind and bolstering trust among institutional investors considering regulated cryptocurrency services in a rapidly evolving legal landscape.
Strategic Importance for Latin America
The combined €30 million funding will be channeled into emerging markets, particularly Argentina, which has seen an extraordinary surge in demand for dollar-pegged assets due to local economic volatility and high inflation. This is driving widespread adoption of stablecoins as a hedge against currency devaluation.
In response, Bit2Me plans to launch educational programs, remittance services, and custom-designed stablecoin wallets tailored to local requirements. The partnership with Tether grants access to liquidity and technical support, allowing Bit2Me to scale responsibly across emerging economies.
Tether’s Broader Investment Strategy
This minority stake acquisition is part of a broader investment strategy by Tether Ventures, which aims to back licensed, compliant platforms in various markets. In the past, Tether has invested in infrastructure projects in Europe and Latin America.
By partnering with regulated exchanges like Bit2Me, Tether bridges crypto liquidity with traditional finance while minimizing compliance risks. This significant deal underscores Tether’s focus on responsible innovation and reinforces its position as a strategic backer of regulated growth worldwide.
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Source: crypto-economy.com
