Tether Acquires Stake in Bit2Me to Expand in EU and Latin America
Main Idea
Tether has acquired a stake in Bit2Me to expand its presence in the EU and Latin America, investing €30 million to support Bit2Me's growth and regulatory compliance under MiCA.
Key Points
1. Tether led a €30 million funding round for Bit2Me to enhance its infrastructure and services in Europe and Latin America.
2. Bit2Me has regulatory permission to operate under the EU's Markets in Crypto-Assets (MiCA) regime.
3. The partnership aims to strengthen Bit2Me's market presence, particularly in Argentina, which faces economic volatility.
4. Tether's investment comes amid rising regulatory pressures, including the GENIUS Act in the U.S., which demands more transparency from stablecoin issuers.
5. Bit2Me's co-founder highlighted the potential of decentralized finance in Europe and Latin America as a key growth area.
Description
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-P...
Latest News
- Roman Storm Retrial Delayed After Court Grants Extension2025-08-12 20:44:38
- Chainlink Partners with ICE to Bridge Forex and Metals Data into Onchain Finance2025-08-11 19:34:02
- Paxos Seeks National Trust Bank Charter to Expand Services and Strengthen Regulatory Standing2025-08-11 18:22:48
- Embargo Ransomware Group Moved $34M in Crypto Since April, TRM Labs Reports2025-08-10 18:49:49
- Crypto Debanking Persists Despite Trump’s Push to End ‘Chokepoint’ Policies2025-08-10 17:57:20