Tether Secures a DASP License in El Salvador
In a historic move, Tether has gained a Digital Asset Service Provider (DASP) license in El Salvador. This marks a milestone in its global expansion. Tether’s CEO, Paolo Ardoino, aims to promote Bitcoin adoption in a tech-forward environment. The USDT stablecoin, valued at $137 billion, now has a new hub to strengthen its financial technologies presence.
A Hub for Crypto Innovation
El Salvador’s crypto-friendly policies and progressive Bitcoin stance have made it an attractive destination for digital asset leaders. Tether’s collaboration with the Salvadoran government and local businesses reflects its commitment to shaping the region’s financial tech evolution. CEO Paolo Ardoino describes El Salvador as a “beacon of innovation,” emphasizing its role as a global leader in cryptocurrency integration. This decision can be linked to a security strategy thought by Tether. Discover it more here
