Tether Relocates Headquarters to El Salvador After Securing …

The country has since been making strides to attract cryptocurrency and technology businesses. Tether’s decision to relocate follows in the footsteps of other crypto-related companies, such …

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Tether Relocates To El Salvador After Securing DASP License

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3 days ago · Tether, the issuer of the $137 billion stablecoin USDT, is relocating its operations to El Salvador and has acquired a Digital Asset Service Provider (DASP) license from local …

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FAQs about Tether Relocates Headquarters to El Salvador After Securing … Coupon?

Does tether have a physical office in El Salvador?

Tether did not specify whether it would set up a physical office in El Salvador, if the move would impact Tether’s parent iFinex Inc. or sister crypto exchange Bitfinex Technology Ltd., or if Tether would retain any operations in the British Virgin Islands. A spokesperson didn’t immediately respond to further questions from Bloomberg. ...

Why did tether move to El Salvador?

Tether CEO Paolo Ardoino and COO Claudia Lagorio had previously acquired real estate and become naturalized citizens of El Salvador in 2024. The company’s relocation is due to the country’s favorable regulatory environment, its growing Bitcoin-savvy community, and its forward-thinking policies. ...

Will tether build a new home in El Salvador?

Tether plans to build its new home in El Salvador, aiming to strengthen its focus on emerging markets and further its efforts in financial inclusion and decentralized technologies. El Salvador made Bitcoin legal tender in 2021 under President Nayib Bukele, marking a significant milestone in the country’s efforts to embrace digital currencies. ...

Will stablecoin move to El Salvador?

(Bloomberg) -- Stablecoin issuer Tether Holdings Ltd. will move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider license in the Central American nation. ...

Where is tether based?

Tether, one of crypto’s most significant companies with more than $137 billion in reserve assets under management, has been registered in the British Virgin Islands. The company has a longstanding relationship with the Salvadoran government, assisting in the country’s bid to become a hub for Bitcoin and crypto entrepreneurs. ...

Why did tether choose a new home?

“This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets,” said Tether CEO Paolo Ardoino, CEO of Tether, adding: ...