Stablecoin issuer Tether has acquired a minority equity stake in Spanish crypto exchange Bit2Me and is leading a 30 million euros ($32.7 million) funding round that will close in the coming weeks, the company said Thursday.
Proceeds will finance Bit2Me’s expansion across the European Union — where it just became the first Spanish-speaking exchange licensed under the EU’s MiCA framework — and bolster growth in Latin America, with an initial focus on Argentina. Bit2Me’s Crypto-Asset Service Provider (CASP) license lets it passport services across all 27 EU states, a critical regulatory approval as MiCA rules guide how crypto operators can do business.
Investing in the platform also provides Tether with a European beachhead after new laws tightened USDT’s presence in the market. Several venues delisted or deprioritized crypto’s largest stablecoin over the last year as the framework took effect.
Founded in 2014 and serving 1.2 million users, Bit2Me did not share plans to list USDT for the moment.
The move extends an investment spree by Tether, which last quarter posted a record $4.9 billion net profit, including interest from its $127 billion U.S. Treasury portfolio. In June, Tether bought a 32% stake in gold-royalty firm Elemental Altus for roughly $89 million and backed two startups launching a MiCA-compliant stablecoin initiative after USDT delistings in Europe.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
