W elcome home,” crowed President Nayib Bukele on X, a social network. On January 13th Tether, the world’s leading stablecoin firm, announced that it had chosen El Salvador

Tether relocates to El Salvador after DASP license approval, aiming to foster Bitcoin adoption, innovation, and financial inclusion globally.

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.

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

Tether is moving headquarters to El Salvador after securing a DASP license. The company was previously incorporated in the British Virgin Islands. Tether and El