Tether, the USDT Stablecoin publisher, has acquired minority participation in the Spanish exchange of Bitcoin (BTC) BIT2ME in Spain, leading the funding round at 30 million euros.
Capital injection increases Expanding BIT2ME across the European Union and strengthening operations in major Latin American marketsas both companies reported, they have a special focus on Argentina.
Tether faces doubts about the transparency of its reserves, but the investment strengthens its commitment to regulated markets such as Europe, where USDT lost space as it failed to comply with the region’s stable regulatory demands.
This strategic movement comes shortly after BIT2ME achieved the milestone by becoming the first Spanish-speaking exchange to obtain a Crypto Services Provider (CASP) license of the Spanish National Securities and Markets Commission under the new MICA European regulations of the time.
This approval le Opened the door to legally operate in 27 countries. Members of the European Union, and now Tether’s investments provide the resources to implement that expansion.
“BIT2ME has consistently demonstrated its commitment to building a secure, regulated infrastructure,” said CEO of Tether Paolo Ardoino through a statement. He added that Bitcoin’s vision for Spanish exchange on education and transparency is in line with Tether’s mission. “We are proud to be able to support BIT2ME while helping to shape the future of regulated cryptocurrencies,” he said.
BIT2ME co-founder and operations director Andrei Manuel said he is experiencing a change-up moment, but CFO Pablo Casadío said, “This support allows you to climb faster with your products, users and regions.
BIT2ME investments are part of a global tethering strategy to integrate presence in key markets. In June, the company announced a Strategic investment in Orions, one of Chile’s major exchangeswith the aim of accelerating the adoption of Bitcoin and cryptocurrency in the region to enhance payments across Latin America.
With this support, Orionx reported that it will strengthen its Stablecoins-based infrastructure for remittance services and financial management, and will strengthen the role of USDT as an important tool for financial inclusion in the region.
