Tether Moves Headquarters to El Salvador with DASP License
- Tether relocates to El Salvador after acquiring a Digital Asset Service Provider (DASP) license.
- The USDT stablecoin issued by Tether has a market cap of $137 billion.
- El Salvador adopted Bitcoin as legal tender in 2021, making it attractive for crypto companies.
- The nation holds 5,750 BTC in reserves, valued at $530 million.
- Tether aims to promote financial inclusion and Bitcoin adoption in underserved regions.
Tether’s relocation to El Salvador aligns with the country’s pro-Bitcoin policies and supports its focus on emerging markets and financial inclusion, leveraging the nation’s regulatory framework.
