Tether to Move Business to El Salvador

Tether will move its subsidiaries to El Salvador and open its headquarters there, promoting global Bitcoin adoption and innovation in emerging markets.

Tether to Move Business to El Salvador

The largest stablecoin issuer has announced that it is moving its operations to Bitcoin-friendly El Salvador after receiving a Digital Asset Service Provider (DASP) license in the country.


According to the official release, Tether and its subsidiaries will be based in El Salvador after the company completes all formalities for the move. The stablecoin issuer will also locate its headquarters in the Central American country.


Tether to Move to El Salvador

According to Tether, the latest move is a step towards global adoption of Bitcoin. The move to El Salvador will strengthen its position in one of the world’s “most forward-thinking markets,” fostering innovation in the country.


El Salvador was the first country to recognize Bitcoin as legal tender and has since created innovative projects that demonstrate its support for the cryptocurrency. The country has a favorable regulatory environment and a burgeoning Bitcoin-savvy community, especially with government programs to educate residents on how to use Bitcoin.


While Tether supports El Salvador’s vision of financial freedom, one of the bright spots of its latest move is the opportunity to expand its focus to emerging markets. The company says it will be strategically positioned to help shape the future of financial systems not only in El Salvador but also in the global marketplace.


Past Collaborations with El Salvador

It’s worth noting that Tether and its subsidiaries have already launched and participated in several projects in El Salvador.


In 2023, the El Salvador government partnered with Tether to launch a citizenship program that offered a residency visa and a path to citizenship for individuals willing to invest $1 million in Bitcoin (BTC) or Tether (USDT) in the country.


Last year, Tether became part of a $1 billion Bitcoin mining initiative in El Salvador, a project powered by the country's volcanoes and aimed at facilitating sustainable mining of digital assets.



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