13 January 2025 – Tether and its subsidiaries are about to complete all formalities to relocate to El Salvador, following the successful acquisition of a Digital Asset Service Provider (DASP) license and as a stablecoin issuer, marking a step in Tether’s journey to foster global Bitcoin adoption. This strengthens Tether’s position in one of the world’s most forward-thinking markets and fosters the development and implementation of cutting-edge solutions more efficiently in a dynamic environment where innovation thrives. It underscores the company’s dedication to leveraging Bitcoin’s transformative potential as it drives growth in emerging markets.
El Salvador is rapidly establishing itself as a global hub for digital assets and technology innovation. With its forward-thinking policies, favorable regulatory environment, and a growing Bitcoin-savvy community, the country has become an ideal destination for companies leading the digital finance revolution. By embracing blockchain technology and digital currencies, El Salvador is fostering an ecosystem that encourages innovation and attracts investment in the broader financial and technology sectors. This strategic positioning is helping to shape the future of financial systems, making the country a key player in the global fintech landscape.
Tether not only supports El Salvador’s vision for financial freedom but also strengthens its operational agility and ability to innovate. This move reflects Tether’s dedication to providing reliable, accessible, and transparent financial solutions to its global user base.
Key Highlights:
- Encouraging Bitcoin Adoption: El Salvador’s Bitcoin-first economy aligns seamlessly with Tether’s mission to empower individuals and businesses through digital currency.
- Expanding Emerging Market Focus: Tether’s move to El Salvador positions it to further scale its efforts in supporting financial inclusion leveraging bitcoin and stablecoin adoption in underserved regions.
- Freedom to Innovate: The move enhances Tether’s flexibility to explore groundbreaking solutions in a supportive regulatory and business environment.
- Securing Licensing Approval: Tether is proud to establish a headquarters for the entire group, positioning Tether within a forward-looking jurisdiction that embraces innovation and supports its long-term vision.
“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 Paolo Ardoino, CEO of Tether. “El Salvador represents a beacon of innovation in the digital assets space. By rooting ourselves here, we are not only aligning with a country that shares our vision in terms of financial freedom, innovation, and resilience but is also reinforcing our commitment to empowering people worldwide through decentralized technologies.”
As it takes these next bold steps, the company looks forward to working closely with El Salvador’s government, businesses, and communities to shape the future of financial technology.