Stablecoin company Tether has acquired a minority stake in Bit2Me, a digital asset platform focused on a Spanish-speaking user base, as per an official press release.
Tether to lead funding round
Tether will be leading a 30 million euro investment round as well as part of the funding. The investment will help Bit2me to continue its expansion it the EU region and allow it to maintain operations in Latin America.
“Bit2Me has consistently demonstrated its commitment to building compliant, secure, and intuitive infrastructure for the digital asset ecosystem,” said Tether’s CEO Paolo Ardoino.
Bit2Me has accumulated over 1.2 million users and has a transaction volume of more than 3 billion euros to date.
“Welcoming a global leader like Tether into our shareholding structure is a transformational moment for Bit2Me,” said Bit2Me co-founder Andrei Manuel.
The update comes after Bit2Me received authorization from CNMV to become a CASP (Crypto-Asset Service Provider), a financial regulatory authority in Spain, as part of the MiCA regulation in EU focused on providing a legislative framework for digital assets.
Crunchbase data has shown an increase in funding for crypto and blockchain startups has increased to $3.8 billion, representing 220 deals in Q1, 2025, a 138% jump from the previous quarter. A huge portion of the figure is attributable to Abu Dhabi-based investment firm MGX investing $2 billion in Binance.