The stablecoin issuer leaves the British Virgin Islands for a new venture in the Central American nation.
Tether has announced the relocation of its headquarters and subsidiaries to El Salvador, following the acquisition of an operational license in the country.
According to the company, Tether has obtained authorization to operate in El Salvador as a Digital Asset Service Provider and stablecoin issuer.
The strategic decision was attributed to the country’s “forward-thinking policies, favorable regulatory environment, and growing Bitcoin-savvy community.”
Paolo Ardoino, Tether’s CEO, stated:
“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. By rooting ourselves [in El Salvador], we are not only aligning with a country that shares our vision in terms of financial freedom, innovation, and resilience but are also reinforcing our commitment to empowering people worldwide through decentralized technologies.”
