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

Tether, the company behind the USDT stablecoin, has announced that it will move its headquarters and subsidiaries from the British Virgin Islands to El Salvador.

The cryptocurrency platform Tether is planning to relocate its headquarters to El Salvador. The operators of the world's largest stablecoin want to capitalize on the Central American country's efforts to become a center for crypto trading with this move writes the news agency Reuters.

Tether has secured a Digital Asset Service Provider license in El Salvador, enabling its relocation to the country.

Tether, the issuer of the largest stablecoin in the world - US dollar-based USDT, has relocated its business to El Salvador, a central American country that

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,

CEO Paolo Ardoino said Tether would relocate to El Salvador after the cryptocurrency recently obtained a licence there as a digital asset service provider. Ardoino and his fellow managers and co-founders of Tether will also move their residences to El Salvador, he said. Previously, the company was incorporated in the British Virgin Islands.

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

Tether recently announced plans to relocate its headquarters from the British Virgin Islands to El Salvador with the aim of leveraging the country’s crypto-friendly environment. Following the acquisition of a Digital Asset Service Provider (DASP) license,