bit2me

Tether acquires stake in Bit2Me to boost EU, Latin America expansion

Tether acquired a minority stake in Bit2Me to expand its presence in Latin America and the EU

Summary
Tether led a €30 million funding round in Bit2Me
Bit2Me recently secured a license to operate under MiCA regulations
The firm will use the funds to expand in Latin America and the European Union
Tether is expanding its presence in Latin America and the European Union. On Thursday, August 7, Tether acquired a minority stake in Bit2Me, one of the largest crypto platforms focused on Spanish speakers. As part of the deal, Tether is leading a €30 million funding round in the firm.

The investment comes after Bit2Me acquired Spain’s Crypto-Asset Service Provider license. This enables the exchange to comply with the European Union’s MiCA regulation, giving it authorization to operate in all 27 EU member states.

“Bit2Me has consistently demonstrated its commitment to building compliant, secure, and intuitive infrastructure for the digital asset ecosystem,” said Paolo Ardoino, CEO of Tether.

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Bit2Me co-founder and COO Andrei Manuel explained that the funds raised will be used to expand the company’s presence in the EU and Latin America. In particular, the focus will be on Argentina, which has long been struggling with macroeconomic instability.

“With their backing, we aim to accelerate our leadership in Europe and Latin America, markets that are just beginning to unlock the power of decentralized finance,” Andrei Manuel, Bit2me.

Tether threatened by EU, U.S. regulations
This investment comes despite Tether’s ongoing regulatory issues in the European Union. Notably, MiCA regulations demand strict disclosures for stablecoin issuers. However, this was something Tether was unwilling to provide, effectively blocking it from the EU market.

Tether may soon face similar challenges in the United States, which recently passed the GENIUS Act.
#tether #bit2me #latinamerica #MICA #EuropeanUnion

MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#VerbTechnology #SatsumaTechnology #Rail #Bit2Me #B2M #MANTRA $OM #OpenMind #SuperGaming #CapitalB

Tether unveils acquisition of minority stake in Bit2Me

#Tether acquired a minority stake in #Bit2Me , a cryptocurrency platform offering a variety of services related to buying, selling, storing, and trading cryptocurrencies. Tether is also leading a €30M funding round, which is expected to close in the coming weeks as part of the investment. The funding will fuel Bit2Me’s expansion throughout the European Union and bolster its operations in Latin America, with a focus on Argentina.

👉 tether.io/news/tether-acquires-minority-stake-in-bit2me-and-leads-e30-million-funding-round/

Report: Loans with Cryptocurrencies as Collateral

A recent initiative from #Bit2Me has revolutionized the financial ecosystem by allowing the use of cryptocurrencies like #Bitcoin as collateral to obtain loans in euros. This model eliminates the need for credit checks and streamlines financial processes.

Highlighted positive aspects:

Speed and ease: No unnecessary paperwork, ideal for those seeking immediate liquidity.

Flexibility: Loans can be canceled at any time.

Crypto-traditional integration: Brings the crypto world closer to conventional finance.

However, it requires over-collateralization (providing more value in crypto than requested), a point to consider due to the volatility of these assets.

This measure reinforces the practical utility of cryptocurrencies and promotes adoption in traditional financial sectors, opening new possibilities for the digital economy.

What do you think of this innovation? Leave us your comments.

🔧 Bit2Me and Cecabank present a platform that will provide access to cryptocurrency services for banks in Spain.

📡 The space is technically ready, pending approval from the National Securities Market Commission (CNMV) of the country.

📈 This new service arrives at a time when interest in bitcoin is growing, especially after a new all-time high exceeding USD 100,000
$BTC

Are banks fully entering bitcoin?

Let's see the answers...

#Bit2me #Cecabank #España