Tether Invests In Bit2Me As Part Of A €30 Million Funding Round

Tether has announced its acquisition of a minority stake in Bit2Me, leading a €30 million investment round aimed at bolstering the growth of digital assets for the Spanish-speaking market, according to Bit2Me's blog. The funding will facilitate Bit2Me's expansion in Argentina and other Latin American countries, as well as its ongoing European plans.

This comes at a good time, as Bit2Me has recently become the first native language company authorized by Spain’s CNMV to operate as a Crypto-Asset Service Provider (CASP) under the EU’s MiCA regulation. Tether Ventures, with its headquarters based in El Salvador, is spearheading this initiative as part of its wider corporate investment strategy to assist blockchain and digital asset projects.

Tether CEO Paolo Ardoino emphasized Bit2Me's commitment to building secure infrastructure:

"Bit2Me has shown a strong commitment to building secure, transparent, and regulation-compliant infrastructure with a user-first approach. Their focus on education, transparency, and usability aligns with Tether’s vision of an open financial system that empowers individuals through technology. We’re excited to support their growth and role in developing regulated crypto-asset services in Europe and beyond.”

The co-founders of Bit2Me also expressed enthusiasm about having Tether as a shareholder. Having already worked with numerous large-scale banks such as BBVA, Andrei Manuel and Pablo Casadio stressed that that this collaboration will continue to elevate Bit2Me's position within the international crypto ecosystem.