The stablecoin behemoth Tether is setting up shop for the group and its companies in Nayib Bukele's El Salvador.

Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation. In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a Digital Asset Service Provider (DASP) and stablecoin issuer.

Tether has secured a Digital Asset Service Provider license in El Salvador, enabling its relocation to the country.

Tether announces its service relocation plans after acquiring a Digital Asset Service Provider (DASP) license. USDT issuer Tether joins Bitfinex Derivatives in moving operations to El Salvador. Tether is on its way to establishing new headquarters in El Salvador,

Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to

By Federico Maccioni DUBAI (Reuters) -Cryptocurrency firm Tether plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world's biggest stablecoin look to capitalize on the Central American country's bid to become a hub for crypto trading.