Tether Acquires Minority Stake in Bit2Me, Leads €30M Expansion Round

Tether’s strategic investment supports Bit2Me’s expansion in Europe and Latin America while reinforcing its commitment to compliance with a new blockchain analytics investment.

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Summary

Tether acquired a minority stake in Spanish crypto platform Bit2Me and is leading a €30M ($34M) funding round to accelerate its growth in Europe and Latin America, particularly Argentina. Regulated under EU MiCA by Spain’s CNMV, Bit2Me serves over 1.2 million users and 7,000 companies. Additionally, Tether invested in blockchain analytics firm Crystal Intelligence to enhance its compliance and monitoring systems.

Terms & Concepts
  • EU MiCA: The EU regulation framework for crypto assets, ensuring compliance and standardized operations across member states.
  • Crystal Intelligence: A blockchain analytics firm offering data-driven tools to analyze transactions and support regulatory compliance.