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The Defiant 2025-01-13 20:46:17

Tether is Moving to El Salvador Citing its Pro-Bitcoin Policies

Tether, the issuer of the world’s largest stablecoin by market capitalization, is relocating from the British Virgin Islands to Bitcoin-friendly El Salvador. Tether Chief Executive Officer Paolo Ardoino cited El Salvador’s strong official support for Bitcoin, including being the first nation to incorporate Bitcoin into its treasury. The country’s BTC holdings have reached 6,002, worth $552 million at the current price of $92,000. The move was announced in a Jan. 13 X post by Ardoino. It came following Tether’s acquisition of a digital asset service provider (DASP) license. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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