Tether To Relocate Headquarters To El Salvador

Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to the Central American nation.

What Happened: In a press release, the company stated El Salvador’s crypto-friendly policies, favorable regulations and adoption of digital assets by its citizens prompted the decision to relocate.

“This strategic positioning is helping to shape the future of financial systems, making the country a key player in the global fintech landscape,” Tether stated.

The company further stated that its move to El Salvador positions it to scale its efforts in supporting financial inclusion leveraging …

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