Tether invests in Bit2Me, gaining indirect access to EU under MiCA
Tether has acquired a minority stake in Bit2Me, one of the largest Spanish-speaking crypto platforms, as part of a €30 million funding round announced on August 7.
The strategic move underscores Tether’s ambition to grow its footprint across Latin America and the European Union, reports Crypto News.
Bit2Me recently secured a Crypto-Asset Service Provider license in Spain, allowing it to operate legally in all 27 EU member states under MiCA regulations. This gives Tether a regulatory foothold in the European market despite its own reluctance to comply directly with MiCA. Tether CEO Paolo Ardoino emphasized Bit2Me’s commitment to compliant infrastructure as a key reason for the investment.
Bit2Me to scale in Argentina and beyond with Tether’s support
Bit2Me plans to use the funds to expand operations in the EU and Latin America, with a particular focus on Argentina. The country’s persistent inflation and capital controls have made crypto solutions increasingly attractive to local consumers and businesses. Bit2Me co-founder and COO Andrei Manuel noted that Tether’s backing would accelerate leadership in decentralized finance across these regions.
By integrating Tether’s stablecoin ecosystem, Bit2Me could offer more resilient financial services in high-volatility markets. The move also enables Bit2Me to extend its exchange, wallet, and educational offerings to underserved regions.
Tether’s regulatory challenges remain in key markets
Despite its international expansion, Tether continues to face regulatory headwinds in both the EU and the U.S. The EU’s MiCA framework requires stablecoin issuers to meet strict transparency standards, which Tether has so far declined to fulfill—effectively restricting its direct access to EU markets. In the U.S., the recently passed GENIUS Act introduces similar disclosure obligations, raising questions about Tether’s future positioning.
This makes the investment in Bit2Me a strategic workaround: gaining market access through a licensed partner. However, pressure is building for Tether to evolve its compliance practices as global stablecoin regulations tighten.
Recently we wrote that Tether CEO Paolo Ardoino stated that 40% of fees collected across nine blockchains — including Ethereum, Tron, TON, Polygon, Arbitrum, Solana, Avalanche, BSC, and Aptos — come from sending USDT.
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