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.

Tether, the world's largest stablecoin issuer, is relocating its operations to El Salvador after receiving a regulatory license, while simultaneously investing in the region through a $775 million stake in Rumble,

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

DUBAI - 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 capitalise on the Central American country’s bid to become a hub for crypto trading.

Tether recently announced plans to relocate its headquarters from the British Virgin Islands to El Salvador with the aim of leveraging the country’s crypto-friendly environment. Following the acquisition of a Digital Asset Service Provider (DASP) license,

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