Tether to Set Up Headquarters in El Salvador, Relocate Units (1)

Stablecoin issuer Tether Holdings Ltd. will move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider license in the Central American nation.

Tether, one of crypto’s most significant companies with more than $137 billion in reserve assets under management, has been registered in the British Virgin Islands. The company has a longstanding relationship with the Salvadoran government, assisting in the country’s bid to become a hub for Bitcoin and crypto entrepreneurs.

“This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen ...