Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange’s growth in Europe and Latin America.
Bit2Me recently became the first Spanish-speaking fintech authorized by Spain’s securities regulator under the EU’s new MiCA framework, enabling operations across the European Union.
Tether’s investment comes through its El Salvador-based venture arm, Tether Ventures, which deploys profits and reserves into tech infrastructure and other projects. The firm has invested in numerous companies across various industries.
These include Italian football club Juventus, major Latin American producer Adecoagro, blockchain forensics firm Crystal Intelligence, YouTube competitor Rumble, and gold-focused investment firm Elemental Altus.
Bit2Me plans to use the funding to expand its presence in Latin America, particularly Argentina, where demand for crypto services is growing and it obtained a Virtual Asset Service Provider license last year.
“We’re excited to support their role in developing regulated crypto-asset services in Europe and beyond,” said Tether CEO Paolo Ardoino.
Bit2Me is already backed by Telefónica and other major Spanish institutions, including banking giants like Unicaja, BBVA, and Cecabank.
Other terms of the deal, including the exact size of Tether’s stake and Bit2Me’s new valuation, were not disclosed.
Leave a Reply