Tether to establish HQ in El Salvador

The entire Tether Group will move its operations to Bitcoin-friendly El Salvador after securing regulatory licenses.

Tether and its subsidiaries plan to establish a global headquarters in El Salvador, the first country to adopt Bitcoin (BTC) as legal tender.

“This decision is a natural progression,” Tether CEO Paolo Ardoino said in a press release, as the stablecoin giant recently acquired a Digital Asset Service Provider license in El Salvador through its Seychelles-based subsidiary Bitfinex Derivatives.

Ardoino emphasized that moving to El Salvador will enable the company to focus on emerging markets and expand its crypto offerings to a broader investor base.

Tether’s parent company, iFinex, is currently headquartered in Hong Kong and registered in the British Virgin Islands. However, this is the first time that the Tether issuer (USDT) will be officially headquartered in a specific location.

El Salvador represents a beacon of innovation in the field of digital assets. By locating ourselves here, we not only align with a country that shares our vision for financial freedom, innovation and resilience, but also strengthen our commitment to empowering people around the world through decentralized technologies.

Paolo Ardoino, CEO of Tether

Tether is the largest stablecoin issuer in the crypto world, with USDT having a market value of $137 billion. USDT’s valuation reached $140 billion last December; This was an all-time high for the stablecoin leader. The company also hinted at artificial intelligence-focused plans in 2025.

Tether ♥️ 🇸🇻

I was very excited about the Tether group moving to El Salvador.
El Salvador is a beacon of freedom and @nayibbukele He is an inspiring leader who leads the country with love, passion and intelligence.

Seguimos 🦾 https://t.co/42Y83ryEaE

— Paolo Ardoino 🤖🍐 (@paoloardoino) January 13, 2025