Tether Relocates to El Salvador with DASP License
- Tether has acquired a Digital Asset Service Provider (DASP) license in El Salvador.
- The company plans to set up a physical office in the country.
- El Salvador made Bitcoin legal tender in 2021, attracting cryptocurrency companies.
- Tether aims to expand financial access and popularize stablecoins through collaboration with the Salvadoran government.
- Over $137 billion USDT is currently in circulation, making Tether the largest stablecoin issuer globally.
Tether’s relocation to El Salvador, facilitated by a DASP license, aligns with its strategy to enhance cryptocurrency adoption in emerging markets and leverage the country’s crypto-friendly policies.
