{"id":20279,"date":"2025-01-13T18:35:56","date_gmt":"2025-01-13T16:35:56","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-to-move-its-headquarters-to-el-salvador\/"},"modified":"2025-01-13T18:35:56","modified_gmt":"2025-01-13T16:35:56","slug":"tether-to-move-its-headquarters-to-el-salvador","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-to-move-its-headquarters-to-el-salvador\/","title":{"rendered":"Tether to move its headquarters to El Salvador"},"content":{"rendered":"<p>Tether and its subsidiaries are \u201ccompleting all formalities\u201d to relocate to El Salvador after securing a digital-asset service provider licence as a stablecoin issuer, according to a <a href=\"https:\/\/tether.io\/news\/tether-licensed-in-el-salvador-strengthening-focus-on-emerging-markets-and-innovation\/\">press release<\/a>.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[\u2026] The decision marked a step on Tether\u2019s path to facilitating global bitcoin adoption. It strengthens the company\u2019s position in one of the most advanced markets in the world and contributes to more efficient development and deployment of new solutions in a dynamic environment where innovation thrives,\u201d the statement said.\u00a0<\/p>\n<\/blockquote>\n<p>Management says El Salvador is quickly becoming a global hub for digital assets \u201cthanks to forward-looking policies, a favourable regulatory environment and a growing bitcoin-savvy community\u201d.<\/p>\n<p>The company highlighted several advantages of the jurisdiction:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>encouraging bitcoin adoption<\/strong>: El Salvador\u2019s bitcoin-first economy aligns with Tether\u2019s mission to empower individuals and businesses;<\/li>\n<li><strong>expanding focus on emerging markets<\/strong>: moving the USDT issuer to El Salvador enables the company to scale its efforts to support financial inclusion by leveraging bitcoin and stablecoin adoption in underbanked regions;<\/li>\n<li><strong>freedom to innovate<\/strong>: the move increases Tether\u2019s flexibility to explore novel solutions in a supportive regulatory and business environment.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis decision is a natural progression for Tether, as it allows us to build a new home, foster collaboration and intensify our focus on emerging markets. [\u2026] El Salvador represents a beacon of innovation in the digital-asset space,\u201d added the company\u2019s CEO Paolo Ardoino.<\/p>\n<\/blockquote>\n<p>Following the move, Tether plans to work closely with the government and local businesses.<\/p>\n<p>On January 7, Bitfinex announced the relocation of its derivatives trading service to El Salvador.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether and its subsidiaries are \u201ccompleting all formalities\u201d to relocate to El Salvador after securing a digital-asset service provider licence as a stablecoin issuer, according to a press release.\u00a0 \u201c[\u2026] The decision marked a step on Tether\u2019s path to facilitating global bitcoin adoption. It strengthens the company\u2019s position in one of the most advanced markets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1278,1245],"class_list":["post-20279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-el-salvador","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20279"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20278"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}