{"id":45253,"date":"2025-01-13T21:24:26","date_gmt":"2025-01-13T21:24:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-to-relocate-operations-to-el-salvador\/"},"modified":"2025-01-13T21:24:26","modified_gmt":"2025-01-13T21:24:26","slug":"tether-to-relocate-operations-to-el-salvador","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-to-relocate-operations-to-el-salvador\/","title":{"rendered":"Tether to relocate operations to El Salvador"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1691506944884-fe80e205-0fbd-4657-9d77-e11145a2891a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Tether announces its service relocation plans after acquiring a Digital Asset Service Provider (DASP) license.<\/span><\/li>\n<li><span style=\"font-weight: 400\">USDT issuer Tether joins Bitfinex Derivatives in moving operations to El Salvador.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/tether\/\">Tether<\/a> is on its way to establishing new headquarters in El Salvador, the USDT issuer announced on Jan. 13, 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to details shared in a <a href=\"https:\/\/tether.io\/news\/tether-licensed-in-el-salvador-strengthening-focus-on-emerging-markets-and-innovation\/\" target=\"_blank\" rel=\"noopener\">blog post<\/a>, the relocation of services follows the acquisition of a Digital Asset Service Provider (DASP) registration in the crypto-friendly country. Tether\u2019s entities have been incorporated in the British Virgin Islands.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The stablecoin giant recently acquired the Digital Asset Service Provider licence in El Salvador, the first country to adopt bitcoin as a legal tender in 2021.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tether \u2665\ufe0f  \ud83c\uddf8\ud83c\uddfb<\/p>\n<p>Very excited for Tether group relocating in El Salvador.<br \/>El Salvador is the beacon of freedom and <a href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a> is an inspiring leader driving the country with love, passion and intelligence.<\/p>\n<p>Seguimos \ud83e\uddbe <a href=\"https:\/\/t.co\/42Y83ryEaE\">https:\/\/t.co\/42Y83ryEaE<\/a><\/p>\n<p>\u2014 Paolo Ardoino \ud83e\udd16\ud83c\udf50 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1878825500921188861?ref_src=twsrc%5Etfw\">January 13, 2025<\/a><\/p>\n<\/blockquote>\n<h2\/>\n<h2>Stablecoin giant moves to new home<\/h2>\n<p><span style=\"font-weight: 400\">Tether seeks to establish networks in digital assets in El Salvador which has Bitcoin friendly policies. The company further seeks to leverage bitcoin as a legal tender and spearhead the adoption of stablecoin on emerging markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The country opens up to business in the digital finance space by providing digital assets friendly policies as well as growing a digital asset liberated community. To enhance bitcoin adoption, the country seeks to formulate a policy requiring businesses to accept bitcoin as a legal tender.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether, the issuer of the global stablecoin with a market cap of $137 billion, said its plans to relocate to El Salvador aligns with the company\u2019s goal to support financial inclusion by leveraging bitcoin adoption. By establishing networks in the digital assets friendly country, the company aims to align with the country\u2019s regulatory policies while focusing on emerging markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cEl 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,\u201d Tether chief executive officer Paolo Ardoino said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Tether joins Bitfinex Derivatives which also announced moving its operation headquarters to El Salvador after it acquired its Digital Asset Service Provider licence. El Salvador has increasingly become a digital assets business destination for global bitcoin businesses, exchanges, and companies.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/tether-to-relocate-operations-to-el-salvador\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Tether announces its service relocation plans after acquiring a Digital Asset Service Provider (DASP) license. USDT issuer Tether joins Bitfinex Derivatives in moving operations to El Salvador. Tether is on its way to establishing new headquarters in El Salvador, the USDT [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":45254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45253"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=45253"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/45253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/45254"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=45253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=45253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=45253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}