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Stablecoin Issuer Tether to Set Headquarters in El Salvador, Relocate Units

Stablecoin issuer Tether Holdings Ltd. will move its corporate entity and subsidiaries to El Salvador after securing a digital asset service provider license in the Central American nation. Tether, one of crypto’s most significant companies with more than $137 billion in reserve assets under management, has been registered in the British Virgin Islands. The company has a longstanding relationship with the Salvadoran government, assisting in the country’s bid to become a hub for Bitcoin and crypt...

Read more at bloomberg.com

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