The entire Tether group will move its operations to Bitcoin-friendly El Salvador after obtaining regulatory licenses.
Tether and its subsidiaries Plan to create Global headquarters in El Salvador, the first country to adopt Bitcoin (Bitcoin) as legal tender.
“This decision is a natural development,” Tether CEO Paolo Ardoino said in a press release, as the stablecoin giant recently said. Acquired Digital Asset Service Provider Licensing in El Salvador via Bitfinex Derivatives, its Seychelles-based subsidiary.
Ardoino emphasized that the move to El Salvador will enable the company to strengthen its focus on emerging markets and expand cryptocurrency facilities to a broader base of investors.
iFinex, the parent company of Tether, is currently headquartered in Hong Kong and registered in the British Virgin Islands. However, this is the first time that a Tether issuer (USDT) will be officially headquartered in a specific location.
El Salvador represents a beacon of innovation in the digital asset space. By establishing ourselves here, we are not only aligning ourselves with a country that shares our vision of financial freedom, innovation and resilience, we are also strengthening our commitment to empowering people around the world through decentralized technologies.
Paolo Ardoino, CEO of Tether
Tether is the largest stablecoin issuer in the cryptocurrency space, with a USDT market cap of $137 billion. USDT's previous valuation reached $140 billion last December, an all-time record High For the stablecoin leader. And also the company Hint In plans focusing on artificial intelligence in 2025.
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