Tether To Relocate Headquarters To El Salvador

Murtuza Merchant

January 13, 2025

Tether (CRYPTO: USDT) on Monday announced it has acquired a Digital Asset Service Provider (DASP) license by El Salvador, allowing it to subsequently relocate its operations to the Central American nation.

What Happened: In a press release, the company stated El Salvador’s crypto-friendly policies, favorable regulations and adoption of digital assets by its citizens prompted the decision to relocate.

“This strategic positioning is helping to shape the future of financial systems, making the country a key player in the global fintech landscape,” Tether stated.

The company further stated that its move to El Salvador positions it to scale its efforts in supporting financial inclusion leveraging Bitcoin and stablecoin adoption in underserved regions.

It added that the move enhances Tether's flexibility to explore “groundbreaking” solutions in a supportive regulatory and business environment.

Also Read: MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings

Why It Matters: Tether is under scrutiny by U.S. federal authorities for potential sanctions and alleged anti-money laundering violations.

In November 2024, unsealed court filings revealed that Mexican and Colombian drug cartels have used Tether and Bitcoin (CRYPTO: BTC) for laundering millions of dollars.

The documents detail how groups like the Sinaloa cartel exploit stablecoins to move wealth across borders through peer-to-peer networks, over-the-counter trades, and currency exchanges.

A source disclosed to investigators that cartels often buy USDT in Mexico below market rates—given its connection to illicit funds—and later sell it in Colombia.

These activities are complemented by blockchain transactions that obscure the origins of funds, including conversions to Ethereum (CRYPTO: ETH).

Investigations have also uncovered substantial cryptocurrency activity linked to these cartels.

For example, a Binance account under investigation processed $15 million in suspicious transactions between 2020 and 2023.

Tether itself has reported working with global law enforcement agencies on over 195 cases involving illicit activities, blocking more than $2 billion in USDT tied to criminal operations.

The company's CEO Paolo Ardoino did not respond to a request for comment

Read Next:

Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor

Image: Shutterstock

Recommended

The New Way to Use AI in the Stock Market... - Ad

Could You Use Some Instant Cash Upfront? - Ad

The Tesla Shock Nobody Sees Coming - Ad

The FBI has issued a warning about a sophisticated multi-phase scam known as the "Phantom Hacker."

Opendoor, Super Micro, Adobe, Tesla And Rezolve AI: Why These 5 Stocks Are On Investors' Radars Today

The S&P 500 gained 0.85% to close at 6,587.47, the Nasdaq advanced 0.72% to 22,043.07, and the Dow surged 1.36% to 46,108.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

San Francisco Probes Scale AI Over Labor Practices After $14 Billion Meta Deal, Raising Questions On Gig Worker Rights In AI Boom: Report

San Francisco investigates Scale AI's labor practices after Meta's $14B investment. Scale AI uses contractors to train AI.

What's Happening With Regeneron Pharmaceuticals Stock On Monday?

Regeneron's Phase 3 trials for cat and birch allergies show significant symptom relief and strong safety results, paving the way for future development.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Macron Warns World Will Know By Monday If Putin 'Played' Trump Again

French President Emmanuel Macron has voiced apprehensions about Vladimir Putin potentially manipulating President Trump.

Quantum Stock Tracker: Suze Orman Owns IonQ, Jim Cramer Speculates On Rigetti

Here's a look at what's going on in the quantum computing sector.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

780,000 pressure washers are under recall after some consumers report explosions and impact injuries

NEW YORK (AP) — About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.

Epstein accuser Virginia Giuffre wrote a memoir. Months after her death, it's coming out

NEW YORK (AP) — A posthumous and “unsparing” memoir by one of most prominent accusers, will be published this fall, publishing house Alfred A. Knopf said Sunday.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before Oct 16's bombshell.

Cracker Barrel suspends plans to remodel restaurants after logo blowup

Cracker Barrel said Tuesday it’s suspending remodels of its restaurants after criticism from many longtime fans.

Nvidia, CrowdStrike, Snowflake, CoreWeave, Polestar Automotive: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average up 0.3% at 45,565.23.

Wall Street Says BUY GOLD, But...

Wall Street Says BUY GOLD, But... - Ad

While markets wobble, gold keeps smashing records-and banks say it's just beginning. Goldman urges "buy gold" to hedge trade wars; JPMorgan plans $6,000 an ounce and just took delivery of $4 billion in bullion. Yet past bull runs saw 13x-1,000x bigger gains without buying more gold.

Mystery surrounds $1.2 billion Army contract to build huge detention tent camp in Texas desert

WASHINGTON (AP) — When last month awarded a contract worth up to $1.2 billion to build and operate what it says will become , it didn’t turn to a large government contractor or even a firm that specializes in private prisons.

Trump-Backed World Liberty Sinks As Billionaire Justin Sun Protests, Then Reinvests

Justin Sun clashed with Trump-linked World Liberty over frozen $WLFI tokens before reversing course Friday with a fresh $20M investment.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the October 1st funding window closes.

This Chinese $30K Tesla Model 3 Rival Secured 10,000 Orders In Seven Minutes

Xpeng's P7 sedan launched in China with over 10,000 orders in 7 mins. Rival Tesla also released new models for Chinese market.

New Jersey's massive American Dream mall sued for selling clothes on a Sunday

On any given Sunday, in New Jersey allows visitors to hit an indoor ski slope, surf an artificial wave, ride roller coasters — or shop for a new outfit at dozens of big-name retail stores.

October 16 Changes the Microchip Game - and Investing

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Powerball Jackpot Soars To $1.1 Billion After No Winning Tickets, 5th Largest In History

The Powerball jackpot has reached $1.1 billion after no winner in Saturday's drawing, with nine tickets earning $1 million.

Homes Have Shrunk To The Smallest Average Size In 20 Years: Here's Why It Happened

Newly built homes in the U.S. are shrinking due to higher mortgage rates and affordability concerns. Buyers are adjusting expectations.

The New Way to Use AI in the Stock Market...

The New Way to Use AI in the Stock Market... - Ad

A Wall Street legend just helped train our own proprietary AI system in the stock market (a project that took dozens of technology and finance experts, including one PhD astrophysicist, and $4 million in total research costs). In a multi-year backtest, this breakthrough beat stocks, bonds, gold... even Warren Buffett.

Trump fires Fed Governor Lisa Cook, opening new front in fight for control over central bank

WASHINGTON (AP) — President Donald Trump fired late Monday, a surprise move constituting a sharp escalation in his battle to exert greater control over what has long been considered an institution .

Trump Family-Backed World Liberty Financial Token Crashes After Initial Rise On First Trading Day

The newly tradeable World Liberty Financial (WLFI) token derailed after the initial flourish on Monday.

Could You Use Some Instant Cash Upfront?

Could You Use Some Instant Cash Upfront? - Ad

Millionaire trader Jeff Clark's #1 income strategy gives you the chance to collect instant cash payouts, as much as $100 to $1,000 upfront! The great part is you can collect these upfront cash payouts without owning a single stock.... Jeff's put all the details in a special briefing titled Infinite Income Manifesto.

South Korean workers released after days of detention in Georgia return home

INCHEON, South Korea (AP) — A plane carrying more than 300 South Korean workers after days of detention in Georgia landed in South Korea on Friday.

Elon Musk's Legal Team Fights To Block OpenAI's Access To Meta's Bid Documents

Elon Musk's legal team has filed a motion to prevent OpenAI from obtaining documents related to a previous $97.4 billion bid for its assets, according to a court filings.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Gemini Upsizes IPO To Raise $425 Million, Winklevoss Twins-Founded Crypto Exchange Targets $3 Billion Valuation

Cryptocurrency exchange Gemini raised $425 million in an initial public offering, pricing its shares above the expected range, according to an announcement made late Thursday.

Trump Says Discrimination Against American Tech Giants 'Must End' Now: Warns China And EU, 'Show Respect…Or Consider The Consequences'

The Trump administration is considering unprecedented visa sanctions on EU officials over the Digital Services Act, escalating U.S.-EU tensions with accusations that the law unfairly targets American tech companies and restricts free speech.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

Trump's Tariffs, Wall Street's Fear Gauge And A Veteran Economist's Dire Warning: This Week In Economy

Markets kicked off September on shaky ground as tariffs, weak jobs data, and warnings of a global collapse rattled investor confidence and fueled volatility.

Kevin O'Leary Once Revealed How Steve Jobs's Obsession With Fonts Spawned A Classroom Blockbuster And Taught Him A Key Business Lesson

Kevin O'Leary says Steve Jobs's obsession with fonts not only turned The Oregon Trail into a classroom blockbuster but also taught him a lasting business lesson about blending art, science and persuasion.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Jim Cramer: Sell Chime, Get This Buy Now Pay Later Stock Instead

Chime Financial, on Aug. 22, announced a strategic partnership with Workday to advance financial wellness in the workplace.

Dell Technologies Strategy Remains Steady Despite CFO Departure, Say Analysts

Dell Tech (DELL) CFO Yvonne McGill departs Sept 9, 2025 before SAM. David Kennedy (COO Global Sales) named interim CFO as JPMorgan maintains Overweight rating.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

LSD shows promise for reducing anxiety in drugmaker's midstage study

WASHINGTON (AP) — reduced symptoms of anxiety in a midstage study published Thursday, paving the way for additional testing and possible medical approval of a that has been banned in the U.S. for more than a half century.

Trending Now