Tether to relocate global headquarters to El Salvador

Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement.

This has to have a massive impact on El Salvador. The estimated GDP of ElSalvador was $34 billion in 2023 according to the World Bank. Tether had a net PROFIT of $10 billion in 2024.