Tether Invests in Bit2Me Amid EU MiCA Expansion
Tether leads a €30M funding round for Bit2Me, the first CASP-licensed exchange under EU MiCA rules.
- Tether takes minority stake in Spanish crypto platform Bit2Me.
- Bit2Me is first CASP-licensed exchange under EU’s MiCA regulation.
- Funding round led by Tether set to close in the coming weeks.
Tether, the company behind the world’s largest stablecoin USDT, has acquired a minority stake in Bit2Me, a Spanish cryptocurrency platform. The deal is part of a €30 million funding round, which Tether is leading and is expected to close in the coming weeks. This move marks Tether’s growing strategic interest in expanding its footprint in the regulated European crypto market.
The timing of the investment is significant. Bit2Me recently made headlines by becoming the first Spanish-speaking exchange authorized as a CASP (Crypto Asset Service Provider) under the European Union’s new MiCA (Markets in Crypto-Assets) regulatory framework.
Bit2Me Becomes a Regulatory Pioneer in Spain
Bit2Me’s approval as a CASP under MiCA makes it a trailblazer in Spain and Latin America’s Spanish-speaking crypto ecosystem. The MiCA framework, which came into effect in 2024, is designed to harmonize crypto regulation across the EU, ensuring better investor protection and transparency.
Tether’s investment not only signals trust in Bit2Me’s regulatory compliance but also shows a long-term interest in Europe’s maturing crypto landscape.
Strategic Implications for Tether and the European Market
By backing Bit2Me, Tether aligns itself with a platform that has regulatory clarity—something that’s increasingly valuable amid the global push for crypto oversight. The move could help Tether build stronger relationships with European regulators and potentially integrate USDT more deeply into EU-based trading platforms.
With MiCA setting the stage for the future of digital assets in Europe, Tether’s involvement with Bit2Me may offer it a front-row seat in shaping the region’s crypto future.
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