Tether makes a strategic investment in Bit2Me, responding to the EU's MiCA regulation

Tether, the issuer of stablecoin #USDT , has acquired a stake and become the main investor in the €30 million funding round of Bit2Me, a leading cryptocurrency platform in the Spanish-speaking market.

Expanding influence in the European market

This move by Tether is seen as a strategic step to respond to the EU's #MiCA regulation. MiCA imposes strict requirements on stablecoins, and Tether is looking to maintain its influence in this area. With Bit2Me recently receiving an operational license under EU regulations, this partnership gives Tether an important foothold in the legally compliant cryptocurrency ecosystem in Europe.

Multi-faceted strategic goals

Through this investment, Tether sets clear objectives:

Legalization: Overcoming the barriers of the MiCA regulation, potentially supporting or launching a compliant version of USDT with these regulations.

Market expansion: Leveraging Bit2Me's growth in the Latin American region to expand its presence.

The investment in #Bit2Me is not just a purely business move but also part of Tether's long-term strategy to strengthen its position in the global market, especially in the context of increasingly stringent legal regulations.