Tether is ready to move to El Salvador
Tether, the world’s largest stablecoin, has announced that it “and its subsidiaries are about to complete all formalities to relocate to El Salvador.” This comes after Tether acquired a Digital Asset Service Provider (DASP) license in El Salvador. It also follows an announcement from Bitfinex Derivatives that it had also received a DASP license in the country. Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in El Salvador – a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre. Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX — Bitfinex (@bitfinex) January 7, 2025 The full list of Bitfinex and Tether entities that seem to have received DASP licenses is: Bitfinex Derivatives El Salvador, S.A. de C.V. TGNA El Salvador S.A. de C.V. TG Commodities El Salvador, S.A. de C.V. Tether NA El Salvador, S.A. ...