Tether, the company behind the world’s leading stablecoin USDT, has made a bold move into Europe and Latin America. The company has recently invested in Spain’s leading crypto exchange, Bit2Me. This marks a turning point for the region’s crypto landscape as new regulations take effect. Tether is Expanding Across Borders As announced, Tether Ventures has been allocated a minority stake in Bit2Me, in support of the Spanish company’s wider €30 million funding round. With this move, Tether is backing Bit2Me’s effort to grow across Europe and Latin America. A large part of the new funding will be used to expand Bit2Me’s presence in Latin America. The region is seeing a rise in crypto use. This is especially as many people look for safer financial tools during times of high inflation and unstable local currencies. Argentina is a top focus for Bit2Me. In recent years, more Argentinians have turned to stablecoins like USDT to protect their money. Bit2Me sees a chance to offer trusted, regulated crypto services in countries where people need better financial options. Bit2Me Seen As Leader in Spanish-Speaking Crypto Markets The Spanish company was founded in 2014 and has become one of Spain’s most trusted digital asset platforms across Spain and Latin America at large. The company offers a wide range of crypto services, including trading. It also acts as an asset custodian for big institutions’ companies and provides crypto education. The company is widely seen as a leader in the Spanish-speaking crypto world. Furthermore, this new investment comes shortly after Bit2Me received official approval from Spain’s financial regulator, the Comisión Nacional del Mercado de Valores (CNMV). The approval was granted under the European Union’s Markets in Crypto-Assets (MiCA ) rules. With this, Bit2Me has become the first Spanish-native crypto company to be licensed as a Crypto-Asset Service Provider. This gives the company permission to operate across all EU countries under one license. A Shared Vision for Regulated Crypto Growth Bit2Me says this new partnership with Tether was carefully planned. The company said it took time to study Tether’s recent efforts to be more open and comply with global rules. Bit2Me made sure the deal would not affect its own legal responsibilities or high standards. Tether’s investment is part of its bigger plan to support safe and legal crypto platforms. It has also been putting money into projects that help people in developing countries get better access to financial tools and education. Bit2Me is a great fit for this plan. It already follows strict rules and understands the needs of local users. With new laws like MiCA shaping crypto in Europe, legally compliant platforms like Bit2Me are in a strong position to grow and lead the way. The post Tether Backs Spanish Crypto Exchange Bit2Me in €30M Funding Round appeared first on TheCoinrise.com .
