Tether has invested in Spanish-speaking crypto giant Bit2Me in a strategic attempt to enhance its penetration in the European Union and Latin America. Thursday, August 7’s announcement saw Tether leading a €30 million funding round to support Bit2Me’s expansion in the region.
Bit2Me recently received a Crypto-Asset Service Provider license in Spain, giving it regulatory permission to operate under the EU’s Markets in Crypto-Assets (MiCA) regime throughout the 27-member bloc.
Strengthening High-Potential Market Presence
The partnership will help Bit2Me build out its infrastructure and services, particularly in Argentina, a country beset by run-of-the-mill inflation and economic volatility. Tether CEO Paolo Ardoino praised Bit2Me’s compliant and consumer-focused approach to cryptocurrency services.
With their backing, we aim to accelerate leadership in Europe and Latin America,” Bit2Me co-founder Andrei Manuel said. “These markets are only just beginning to see the potential of decentralized finance.”
Tether Brings in Rising Regulatory Pressures
The move by Tether to grow comes as it encounters growing regulatory pressures. Stablecoin issuers under MiCA need to publish detailed reserve and operational data—a barrier that Tether has resisted, effectively limiting its European access.
An equivalent problem might arise in the United States, where the newly signed GENIUS Act makes stablecoin issuers more transparent. Tether’s opacity may make compliance easier in either jurisdiction more difficult in the future.
Strategic Bet Amid Uncertainty
Despite regulatory pressures, Tether’s investment is a sign of belief in Bit2Me’s regional strategy and infrastructure. With Europe and Latin America increasingly developing digital asset frameworks, this move positions Tether to have influence and stay present by partnership even where direct operations may be restricted.
