Tether Invests in Bit2Me for Strategic Growth
Tether has acquired a minority stake in Bit2Me, a leading Spanish-language crypto platform, in a strategic move to expand its footprint in the European Union and Latin America. The deal, announced on Thursday, August 7, includes Tether leading a €30 million funding round to support Bit2Me’s regional growth.
Bit2Me recently secured a Crypto-Asset Service Provider license in Spain, giving it regulatory clearance to operate under the EU’s Markets in Crypto-Assets (MiCA) framework across all 27 member states.
Strengthening Presence in High-Potential Markets
The partnership will help Bit2Me enhance its infrastructure and services, particularly in Argentina, a country facing persistent inflation and economic volatility. Tether’s CEO Paolo Ardoino praised Bit2Me’s compliant and user-friendly approach to crypto services.
“With their backing, we aim to accelerate our leadership in Europe and Latin America,” said Bit2Me co-founder Andrei Manuel. “These markets are just beginning to unlock the power of decentralized finance.”
Tether Faces Growing Regulatory Pressures
Tether’s expansion efforts come as it grapples with increasing regulatory scrutiny. Under MiCA, stablecoin issuers are required to disclose detailed reserve and operational data—a requirement Tether has resisted, effectively limiting its European reach.
A similar challenge may arise in the U.S., where the newly passed GENIUS Act imposes transparency requirements on stablecoin issuers. Tether’s opaque operations could make future compliance difficult in both jurisdictions.
Strategic Bet Amid Uncertainty
Despite regulatory friction, Tether’s investment signals confidence in Bit2Me’s regional strategy and infrastructure. As Europe and Latin America continue to shape their digital asset frameworks, this move positions Tether to retain influence and presence through partnerships, even where direct operations may be restricted.
