Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement. This has to have a massive impact on El Salvador. The estimated GDP of ElSalvador was $34 billion in 2023 according to the World Bank. Tether had a net PROFIT of $10 billion in 2024. [link] [comments] |
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