Key Takeaways:
- Tether obtains DASP license in El Salvador, advancing cryptocurrency adoption in emerging markets.
- The license enables Tether to operate legally under El Salvador’s Digital Assets Issuance Law.
- Relocation aligns with Tether’s strategy for financial inclusion and promoting stablecoin solutions globally.
Tether, the issuer of the largest stablecoin by market capitalization, has obtained a digital asset service provider (DASP) license in El Salvador. The announcement on January 13 marks a strategic move for the company, which aims to strengthen its presence in emerging markets and promote cryptocurrency adoption globally.
Notably, the license was granted under El Salvador’s Digital Assets Issuance Law, positioning Tether to operate legally and offer services within the country.

Tether: Supporting El Salvador’s Bitcoin-Centric Vision
This development aligns with Tether’s broader strategy to support financial innovation and inclusion in regions with limited access to traditional banking systems.
In a January 13 post on X, Paolo Ardoino, Tether’s CEO, expressed happiness over the operational licensing and the stablecoin issuer’s subsequent relocation to El Salvador and praised the country’s president.
El Salvador, which became the first nation to adopt Bitcoin as legal tender in 2021, continues to attract blockchain companies through progressive regulations.
Tether: Promoting Stablecoin Adoption Amid Regulatory Scrutiny
The move also underscores Tether’s focus on regulatory compliance amid increasing scrutiny of the cryptocurrency industry. With the license, Tether plans to establish its regional operations in El Salvador, enhancing its ability to deliver stablecoin-based solutions. The company’s statement emphasized its dedication to creating financial stability in markets that face economic volatility.
“Tether not only supports El Salvador’s vision for financial freedom but also strengthens its operational agility and ability to innovate. This move reflects Tether’s dedication to providing reliable, accessible, and transparent financial solutions to its global user base,” said the stablecoin issuer in the announcement.
Tether’s relocation to El Salvador coincides with its ongoing efforts to expand its global footprint, including plans for collaboration with local institutions to drive blockchain adoption.
By securing the license, Tether reinforces its leadership in the stablecoin sector while supporting El Salvador’s vision of becoming a global hub for digital assets.