Leading Stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading €30 million (US$35 million) Investment rounds to support exchange growth in Europe and Latin America.
Bit2me says it has become the first Spanish-speaking fintech recently Authorized by Spanish securities regulators Under the EU’s new mica framework. Approval opens the door to operations throughout the EU.
Tether’s investment comes from Tether Ventures, its venture capital firm, El Salvador, which distributes profits and reserves to technology infrastructure and other projects. The company has invested in numerous companies in many industries.
These include Italian Football Club JuventusLatin American Major Producer AdecoagroBlockchain Forensic Corporate Crystal IntelligenceYouTube competitors rumbleand gold-centric investment companies Element Altus.
BIT2ME plans to use this funding to deepen its influence in Latin America, especially Argentina Last year’s Virtual Asset Service Provider License.
“We are excited to support their role in developing regulated crypto asset services in Europe and beyond,” Tether CEO Paolo Ardoino said in a statement.
Bit2Me is already Supported by Telefónica and other major Spanish institutions. According to the press releases shared with Coindesk, these news releases include banking giants such as Unicaja, BBVA and Cecabank.
No other terms of the deal were disclosed, including the exact size of Tether’s Stake and the new valuation of Bit2Me.
