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<p>Tether, the issuer of the USDT stablecoin has disclosed its plan to move its base to El Salvador after acquiring the Digital Asset Service Provider (DASP) license. This license enables Tether to work as a stablecoin issuer and a digital asset service provider in the country.</p>
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<p>Paolo Ardoino, the CEO of Tether, stated that he is quite enthusiastic about the decision that the government of El Salvador has made, as it is in line with Tether’s goal for the future of finance. ”We are partnering with a country that has a vision of financial freedom, innovation, and stability which is the same as us,” Ardoino stated.</p>
<p>Tether choice of moving to the new location points to the company’s interest in the emerging markets, especially El Salvador that made Bitcoin legal tender since 2021.</p>
<h2 class="wp-block-heading" id="h-collaborating-with-el-salvador-s-government-for-financial-access"><strong>Collaborating with El Salvador’s Government for Financial Access</strong></h2>
<p>Additionally, the company intends to collaborate with the government of El Salvador to promote financial inclusion through stablecoins. Through its USDT stablecoin, the company is looking to offer businesses and other entities in the country a solution to decentralized finance.</p>
<p><a href="https://www.thecoinrepublic.com/2024/12/31/tether-buys-705m-bitcoin-expands-strategic-reserves/" rel="noopener noreferrer nofollow">Tether</a> executives, including Paolo Ardoino and COO Claudia Lagorio, have already bought property in El Salvador and have gotten citizenship.&nbsp; The Salvadoran government has actively welcomed crypto enterprises under the leadership of President Nayib Bukele, who views cryptocurrency adoption as key to the country’s economic growth.</p>
<h2 class="wp-block-heading" id="h-el-salvador-as-a-destination-for-crypto-innovation"><strong>El Salvador as a Destination for Crypto Innovation</strong></h2>
<p>El Salvador has implemented policies that have attracted global cryptocurrency companies, including Tether. Establishment of bitcoin as legal tender and the provision of the regulatory framework for digital assets has paved the way for the blockchain industry.</p>
<p>Bitfinex Derivatives, another big exchange, has also recently received a DASP license in El Salvador, which also confirms the status of the country as one of the most cryptocurrency friendly.</p>
<p>Moreover, the policies of have favored tourism and foreign investments, and cryptographic currencies have become one of the engines of economic growth. These are some of the measures that depict the government’s vision of becoming one of the leaders in the global digital asset market.</p>
<h2 class="wp-block-heading" id="h-tether-s-support-for-sustainable-crypto-mining"><strong>Tether’s Support for Sustainable Crypto Mining</strong></h2>
<p>More so, Tether has revealed its intention to support renewable energy projects in El Salvador, especially in geothermal energy harnessed from volcanic activity. These projects are intended to support the development of the country’s energy sector while promoting environmentally friendly cryptocurrency mining.</p>
<p>The company sees the move as a way of creating new financial products and increasing its operations around the world. Thus, Tether, with over $137 billion in USDT in circulation, has affirmed its intention to work in the regions that adopt progressive crypto policies and sustainable development.</p>
<p>Meanwhile, according to <a href="https://www.thecoinrepublic.com/2025/01/11/tether-leads-crypto-revenue-chart-with-87m-weekly-fees/" rel="noopener noreferrer nofollow">recent analysis</a>, cryptocurrency protocols generated hundreds of millions in weekly revenue in early 2025. Tether led with $87.2 million in 7-day fees, followed by Tron at $66.8 million and Ethereum at $39.3 million, showcasing strong demand for financial infrastructure and blockchain services.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/01/14/can-el-salvador-become-the-global-hub-for-crypto-amid-tether-collab/" rel="noopener noreferrer nofollow">Can El Salvador Become the Global Hub for Crypto Amid Tether Collab?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Can El Salvador Become the Global Hub for Crypto Amid Tether Collab?

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