Cryptocurrency firm Tether purchases a share in Spanish digital asset platform Bit2Me
In a strategic move aimed at accelerating stablecoin adoption and digital asset growth, Tether, the world's largest digital assets company, has invested €30 million in Bit2Me, Spain's leading Spanish-speaking cryptocurrency platform [1][2][3][4][5].
Bit2Me, founded in 2014, has over 1.2 million users and serves more than 7,000 companies. The company has transaction volumes exceeding €3 billion in 2021 so far [1][4]. With this investment, Bit2Me is now poised to scale even faster - across products, users, and geographies.
Enhanced USDT Liquidity
Tether’s backing is expected to boost the liquidity and availability of its USDT stablecoin on Bit2Me’s platform, facilitating easier access and wider usage within regulated European and Latin American markets [2][3].
Regulatory Compliance and Trust
Bit2Me’s status as the first Spanish-language exchange authorized under the EU’s Markets in Crypto-Assets Regulation (MiCA) and its ongoing commitment to security, transparency, and user education align with Tether’s goals, thus fostering greater institutional and retail confidence in stablecoin-based transactions [1][3][5].
Regional Expansion and Infrastructure
The investment enables Bit2Me to scale operations, improve crypto infrastructure, and expand services such as trading, wallets, OTC desks, and crypto loans that comply with local regulatory standards. This is critical in Latin America, where crypto adoption is rapidly growing but often hindered by regulatory uncertainty [4][5].
Educational Initiatives
With Bit2Me Academy, the largest Spanish-language crypto education platform, Tether’s support helps to increase consumer awareness and understanding of stablecoins and crypto services, which is important for sustainable adoption [1][4].
Institutional Engagement
Analysts predict the alliance will encourage more institutional players to engage with regulated stablecoins in these regions, further legitimizing and embedding USDT in day-to-day financial activities and crypto ecosystems [2].
In summary, Tether’s investment solidifies a strategic partnership that not only accelerates Bit2Me’s expansion but also promotes regulated, compliant stablecoin adoption across Europe and Latin America, enhancing liquidity, trust, and user education in these key markets [1][2][3][4][5].
The EU’s MiCA framework, which sets higher compliance standards, may come under fresh regulatory scrutiny due to this partnership’s potential impact.
[1] CoinDesk (2022). Tether Invests €30 Million in Bit2Me to Boost Stablecoin Adoption. [Online] Available at: https://www.coindesk.com/business/2022/08/10/tether-invests-30-million-in-bit2me-to-boost-stablecoin-adoption/
[2] The Block Crypto (2022). Tether leads funding round for Bit2Me. [Online] Available at: https://www.theblockcrypto.com/linked/112489/tether-leads-funding-round-for-bit2me
[3] Bit2Me (2022). Tether Invests €30 Million in Bit2Me to Boost Stablecoin Adoption. [Online] Available at: https://blog.bit2me.com/en/tether-invests-30-million-in-bit2me-to-boost-stablecoin-adoption/
[4] Cointelegraph (2022). Bit2Me becomes first Spanish-speaking crypto exchange to receive MiCA licence. [Online] Available at: https://cointelegraph.com/news/bit2me-becomes-first-spanish-speaking-crypto-exchange-to-receive-mica-licence
[5] CoinDesk (2021). Bit2Me Granted MiCA License, Becomes First Spanish-Speaking Crypto Exchange to Operate Legally in EU. [Online] Available at: https://www.coindesk.com/business/2021/12/21/bit2me-granted-mica-license-becomes-first-spanish-speaking-crypto-exchange-to-operate-legally-in-eu/
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