Tether moves HQ to El Salvador, boosting its crypto ambitions, despite regulatory challenges.

Tether, a major stablecoin firm, plans to move its headquarters to El Salvador after securing a digital asset service provider license. This move supports El Salvador's goal of becoming a crypto hub. Tether aims to hire 100 Salvadorans but not all employees will relocate. Despite its success, Tether faces regulatory scrutiny over its stablecoin practices.

2 months ago
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