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Tether relocates its headquarters to El Salvador
Tether announced on January 13, 2025, that it and its subsidiaries are relocating to El Salvador after obtaining a Digital Asset Service Provider licence and stablecoin issuer approval. El Salvador positioned itself as a hub for bitcoin and digital-asset firms.
- Tether secured DASP licence and stablecoin issuer approval in El Salvador.
- Aligns with El Salvador's Bitcoin-first economy and forward-thinking digital-assets regulations.
- Strategic rationale: strengthen focus on emerging markets and blockchain-based financial inclusion.
- CEO Paolo Ardoino cited innovation environment and collaboration opportunities as key drivers.