Tether to establish its headquarters in El Salvador

Tether, the leading stablecoin issuer, has announced plans to establish its global headquarters in El Salvador, following the recent acquisition of a Digital Asset Service Provider license. The move comes after El Salvador became the first country to adopt Bitcoin (BTC) as legal tender, signaling the nation’s progressive stance on cryptocurrency.

Tether CEO, Paolo Ardoino, expressed that this decision represents a “natural progression” for the company. Relocating to El Salvador will allow Tether to increase its focus on emerging markets and offer expanded crypto-related services to a broader investor base. The company aims to reinforce its commitment to empowering people worldwide through decentralized technologies, particularly in regions where financial systems may not be as developed.

Tether’s parent company, iFinex, is currently based in Hong Kong and registered in the British Virgin Islands. However, this marks the first time Tether itself will have a formal headquarters, solidifying its presence in the global crypto landscape.

Ardoino emphasized El Salvador’s role as a beacon of innovation in the digital assets space. By establishing a base in the country, Tether aligns itself with a nation that shares its vision of financial freedom, innovation, and resilience. This move is expected to further solidify Tether’s global leadership in the cryptocurrency market.

Tether’s stablecoin, USDT, has a market capitalization of $137 billion, with previous highs reaching $140 billion. The company also teased plans for integrating artificial intelligence into its operations in 2025, signaling further ambitions to stay at the forefront of the evolving digital assets and technology sectors.