The stablecoin behemoth Tether is setting up shop for the group and its companies in Nayib Bukele's El Salvador.

Cryptocurrency firm Tether plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world's biggest stablecoin look to capitalize on the Central American country's bid to become a hub for crypto trading.

Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to

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,

Tether is moving headquarters to El Salvador after securing a DASP license. The company was previously incorporated in the British Virgin Islands. Tether and El