Tether, the issuer of the world's largest stablecoin USDt, has acquired a minority stake in Bit2Me, a MiCA-licensed Spanish cryptocurrency exchange. This investment is part of a €30 million funding round led by Tether, which is expected to close in the coming weeks. Bit2Me's regulated status in the European Union provides Tether with a strategic foothold in the EU market. Additionally, USDt accounts for 40% of all blockchain fees across nine major chains, including Ethereum, Tron, Solana, TON, and Arbitrum, highlighting Tether's significant presence in the blockchain ecosystem.
Tether acquires a minority stake in MiCA-licensed Spanish crypto exchange Bit2Me and is leading a €30M funding round that will close in the coming weeks (@jesuisnaga / The Block) https://t.co/dgkLtN0ggC https://t.co/21pvTi2xFe https://t.co/ZOzeer1FAj
[THE BLOCK] Tether adds regulated EU beachhead with Bit2Me stake, leads 30 million euros raise $USDt $EURt
Tether adds regulated EU beachhead with Bit2Me stake, leads 30 million euros raise https://t.co/Cot0gfmh3d