Tether will relocate HQ to El Salvador

[rdluffy]

Source: https://cointelegraph.com/news/tether-el-salvador-securing-license-property

Great news for El Salvador, which with its crypto-friendly policy, has managed to get some companies to open offices or HQs in its country
Unlike several countries that have cracked down on crypto users and companies, the country seems to be a good way out for those who make a living from crypto, or for companies that want greater clarity in regulation, rather than punishments and government control

What do you think?

[Mia Chloe]

Great news for El Salvador, which with its crypto-friendly policy, has managed to get some companies to open offices or HQs in its country
Unlike several countries that have cracked down on crypto users and companies, the country seems to be a good way out for those who make a living from crypto, or for companies that want greater clarity in regulation, rather than punishments and government control.

Based on your explanation it actually makes sense to be a good news. Some countries unlike El Salvador have some very strict laws and regulations that may not actually condemn the use of crypto currencies totally but still it stretches it's use very thin making it difficult for crypto to actually grow in such an ecosystem.

Nevertheless El Salvador gave been a good supporter of crypto currencies especially bitcoin for as long as I remember infact they are actually the first country that comes to mind anytime I think about crypto adopting countries.

[MrSpasybo]

Great news for El Salvador, which with its crypto-friendly policy, has managed to get some companies to open offices or HQs in its country
Unlike several countries that have cracked down on crypto users and companies, the country seems to be a good way out for those who make a living from crypto, or for companies that want greater clarity in regulation, rather than punishments and government control

Finally, El Salvador has managed to attract the attention and registration of the largest stablecoin issuer in the market. Tether participation will not only bring taxes, rent, and employees to El Salvador, but it could also make El Salvador more attractive to other crypto companies and more famous to potential tourists, especially crypto fans.  

In recent years, Tether has made many efforts to improve global legal compliance, so I think a crypto-friendly country like El Salvador will not have much of a positive impact on Tether and USDT legal status. It seems this decision is based solely on transparency, profit, tax exemption, and fame!

[electronicash]

i don't know how they think when they should looked closely which government is doing more menace to them. but then anyway wherever they are in the world anyway, they are still in the arms reach of US government. it doesn't matter. if they operate a stablecoin or USD then they are bound by the rules of US government.

but sure its great for Tether to move in El Salvador after all its known to be the crypto country in Central A. if in a few months another crypto company moves to El Salvador, they are executing their exodus plan.

[rdluffy]

Finally, El Salvador has managed to attract the attention and registration of the largest stablecoin issuer in the market. Tether participation will not only bring taxes, rent, and employees to El Salvador, but it could also make El Salvador more attractive to other crypto companies and more famous to potential tourists, especially crypto fans.   

In recent years, Tether has made many efforts to improve global legal compliance, so I think a crypto-friendly country like El Salvador will not have much of a positive impact on Tether and USDT legal status. It seems this decision is based solely on transparency, profit, tax exemption, and fame!

The part I quoted in bold I believe to be the most important
Perhaps as important as the company itself opening the HQ there

Tether is the leading stable coin company and practically known by all crypto users. The reference is great and other companies can look up to it
It's interesting to note that the United States may want to be the “crypto capital” and also attract more companies there in this Trump administration, let's see where El Salvador will be in a few years

[KryptoBull]

i don't know how they think when they should looked closely which government is doing more menace to them. but then anyway wherever they are in the world anyway, they are still in the arms reach of US government. it doesn't matter. if they operate a stablecoin or USD then they are bound by the rules of US government.

but sure its great for Tether to move in El Salvador after all its known to be the crypto country in Central A. if in a few months another crypto company moves to El Salvador, they are executing their exodus plan.

Tether previously did not have its headquarters in the US but its operations were always influenced by the US, especially by accusations and lawsuits. Fortunately, Tether was not proven guilty of financial fraud or deception and also holds a large amount of government bonds. This makes me continue to trust and hold USDT when there is a need for stablecoins.

El Salvador is the perfect choice, as it is the first country to accept BTC for direct payments. I believe El Salvador will become a major crypto center globally and Tether is one of the first crypto companies to come and build that success!

[rdluffy]

Tether previously did not have its headquarters in the US but its operations were always influenced by the US, especially by accusations and lawsuits. Fortunately, Tether was not proven guilty of financial fraud or deception and also holds a large amount of government bonds. This makes me continue to trust and hold USDT when there is a need for stablecoins.

El Salvador is the perfect choice, as it is the first country to accept BTC for direct payments. I believe El Salvador will become a major crypto center globally and Tether is one of the first crypto companies to come and build that success!

So far, Tether has its headquarter at British Virgin Islands
We really feel that Tether was located in the United States, because of all the issues it has faced there, always being accused of something

And it's even more curious to see how much US treasury bills Tether holds:


Source: https://tether.to/en/transparency/?tab=reports

[hugeblack]

What amazes me is why cryptocurrency platforms like binance OKX kucoin and other companies that were based in some reservations (like Seychelles) did not move to El Salvador, the laws are welcoming to cryptocurrencies and I think the taxes are very low.


In general, by the end of this year we can evaluate the El Salvador experience, as enough time has passed to judge it.

[rdluffy]

What amazes me is why cryptocurrency platforms like binance OKX kucoin and other companies that were based in some reservations (like Seychelles) did not move to El Salvador, the laws are welcoming to cryptocurrencies and I think the taxes are very low.


In general, by the end of this year we can evaluate the El Salvador experience, as enough time has passed to judge it.

Generally, those countries with several registered exchanges and bookmakers are countries with a history of friendly regulation for this type of business, while El Salvador is still taking its first steps down the crypto path

It remains to be seen whether after Bukelele's government, the next presidents will maintain the same type of mandate and regulations
I believe that many companies are afraid of moving and then the next government changing the rules

[Zed0X]

i don't know how they think when they should looked closely which government is doing more menace to them. but then anyway wherever they are in the world anyway, they are still in the arms reach of US government. it doesn't matter. if they operate a stablecoin or USD then they are bound by the rules of US government.

Exactly my thought. I guess setting up HQ in a different country while having the main operations in the US helped them save taxes somehow? Maybe requirements are also less and licensing fees are lower. Those are the only logical reasons I could think of why companies like Tether do this.

[hugeblack]

It remains to be seen whether after Bukelele's government, the next presidents will maintain the same type of mandate and regulations
I believe that many companies are afraid of moving and then the next government changing the rules

+1 good point, I don't know how laws are passed in El Salvador, but in many countries such legislation is repealed by the approval of parliament, which is often difficult to obtain. In general, the IMF will exert intense pressure to urge the new government to reject Bitcoin.

[rdluffy]

It remains to be seen whether after Bukelele's government, the next presidents will maintain the same type of mandate and regulations
I believe that many companies are afraid of moving and then the next government changing the rules

+1 good point, I don't know how laws are passed in El Salvador, but in many countries such legislation is repealed by the approval of parliament, which is often difficult to obtain. In general, the IMF will exert intense pressure to urge the new government to reject Bitcoin.

Well remembered
The IMF can try to put pressure on the next administrations as the organization has already shown itself to be very annoyed by El Salvador's decision about BTC
And the curious thing is that El Salvador is not that important to the IMF, but the example it is setting the world is very dangerous for the organization that wants to maintain financial control

[hugeblack]

And the curious thing is that El Salvador is not that important to the IMF, but the example it is setting the world is very dangerous for the organization that wants to maintain financial control

The only pressure the IMF can impose is to drown it in debt or make it difficult to access funds, it is a profit-making fund and it will certainly be upset if there are successful models of borrowing from a fund funded by Bitcoin. The negative view of Bitcoin may change if the US changes its view.

[dkbit98]

I heard about it and it's not a bad idea, but question is how long they will be able to move around the world like this.
El Salvador is currently bitcoin friendly as long as Bukele is in charge, but we never know what could happen if someone else comes instead of him.
I will repeat to everyone, don't held anything in USDT long term, even in your own non-custodial wallets.

[rdluffy]

I heard about it and it's not a bad idea, but question is how long they will be able to move around the world like this.
El Salvador is currently bitcoin friendly as long as Bukele is in charge, but we never know what could happen if someone else comes instead of him.
I will repeat to everyone, don't held anything in USDT long term, even in your own non-custodial wallets.

One interesting thing about Tether is that it is a company with a very small number of employees
Incredibly, it has no more than 200 employees in total
https://www.binance.com/en/square/post/01-12-2025-tether-2025-200-18820113561097
It seems that the current number is around 170 employees, so it's a very small company, but with high values

I don't think it has to be a big structure, and the hardest part must be the legislation for moving to another country.