Tether Acquires Stake in Bit2Me to Boost EU and Latin America Expansion

Tether has taken a minority stake in Bit2Me, a leading crypto platform catering to Spanish-speaking markets, as part of a broader €30 million funding round. The move signals Tether's strategic push into Latin America and the European Union, regions ripe for crypto adoption.

Bit2Me recently secured a Crypto-Asset Service Provider license in Spain, ensuring compliance with the EU's MiCA regulations. This greenlights its operations across all 27 member states. "Bit2Me has consistently demonstrated its commitment to building compliant, secure, and intuitive infrastructure," said Tether CEO Paolo Ardoino.

The fresh capital will fuel Bit2Me's expansion, with particular focus on Argentina—a market grappling with macroeconomic instability. "We aim to accelerate our leadership in Europe and Latin America," noted Bit2Me COO Andrei Manuel, highlighting the untapped potential of decentralized finance in these regions.