cryptodnes.bg
14 January 2025 04:00, UTC
Tether, a major stablecoin issuer, has announced plans to relocate its operations and subsidiaries to El Salvador, following its approval as a licensed Digital Asset Service Provider (DASP).
This move underscores the company’s alignment with the country’s progressive crypto policies.
In its January 13 statement, Tether cited El Salvador’s innovative regulatory approach and its growing Bitcoin-friendly community as key reasons for the relocation.
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CEO Paolo Ardoino highlighted the strategic importance of the move, describing it as an opportunity to focus on emerging markets and collaborate globally while supporting financial freedom and resilience through decentralized technology.
The decision also follows reports that both Ardoino and COO Claudia Lagorio became naturalized citizens of El Salvador in 2024, further solidifying the company’s commitment to the region.
With this relocation, Tether strengthens its position in a country that has embraced Bitcoin as a cornerstone of its financial ecosystem.
