Tether Infuses €30M For Bit2Me’s EU Expansion And LATAM Operations

• Bit2Me recently held a successful funding round, which resulted in a €30 million investment from Tether.
• The Spanish company said it will utilize the funds raised to amplify its EU expansion and reinforce its operations in the LATAM region.

Tether Ventures, the independent investment arm of Tether, announced the acquisition of a minority stake in Bit2Me, a leading digital asset company in Spain. In a press release on Friday (UTC), the investment division of USDT’s issuer led the latest funding round of the Spanish firm with a €30 million backing.

€30 Million of Tether to Bit2Me

According to Bit2Me, the developments will help fuel its expansion across the EU region. Additionally, it will aid the Spanish company in solidifying its position in the Argentine market and other parts of the Latin American (Latin American) territory.

Paolo Ardoino, CEO of Tether, highlighted that Bit2Me’s vision aligns with theirs. He particularly pointed out the Spanish company’s commitment to education, transparency, and usability, which harmonizes with the stablecoin issuer’s advocacy of an “open financial system that empowers individuals through technology.

ADVERTISEMENTMeanwhile, Andre Manuel, co-founder and COO of Bit2Me, highlighted that their link with the digital asset powerhouse Tether significantly elevates their company’s status in the international crypto ecosystem. Moreover, its backing gives the Spanish digital asset firm a head start in Europe and Latin America’s burgeoning decentralized finance (DeFi) spaces. He emphasized that Bit2Me’s operations follow a path grounded in legality, transparency, and commitment to addressing customers’ needs.

Furthermore, Pablo Casadio, co-founder and CFO of Bit2Me, revealed that Telefónica, Unicaja, Cecabank, BBVA, and Investcorp are among the top backers of the company besides Tether. He also claimed their platform has already built a reputation in over 7,000 businesses and millions of users internationally. He believes Tether’s support and fund infusion are essential in scaling their company’s operations to address growing customer demands better and boost the business’s global reach.

Regulatory Compliance of Bit2Me

Bit2Me has over a decade of experience in the crypto market. It is regulated under Spain’s Comisión Nacional del Mercado de Valores (CNMV) and holds several International Organization for Standardization (ISO) certifications in areas of cybersecurity and regulatory compliance.

ADVERTISEMENTThe company also runs the Bit2Me Academy, the largest educational platform for crypto that uses Spanish as an instructional medium. The academy offers more than 450 free articles and certified courses for interested participants.

Bit2Me’s approach somehow contradicts Tether’s non-conformity to US registration and licensing rules, as well as the EU’s Markets in Crypto-Assets (MiCA) regulations. These keep the stablecoin giant and its products away from these key markets. However, these limitations haven’t stopped the stablecoin issuer from indirectly engaging with these markets through major partnerships and investments with established and emerging Web3 players like Bit2Me and StablR.

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