Tether Relocates Headquarters to El Salvador, Cementing Nation's Crypto Hub Status

The stablecoin giant moves from the British Virgin Islands after securing a digital asset license, establishing its first physical headquarters.

Tether, the issuer of the $137 billion stablecoin USDT, has announced the relocation of its headquarters to El Salvador, marking its first physical base of operations.
The move follows Tether's acquisition of a Digital Asset Service Provider license in El Salvador, a country that adopted Bitcoin as legal tender in 2021 under President Nayib Bukele.
El Salvador's favorable regulatory environment, including a 15-year tax exemption for tech and crypto firms, played a key role in attracting Tether and other crypto companies.
Tether's CEO Paolo Ardoino highlighted the relocation as a strategic step to focus on emerging markets and align with El Salvador's vision for financial innovation.
While Tether's headquarters will relocate, most of its staff will continue working remotely, and its operations in Swiss crypto hub Lugano will remain unaffected.