Tether Secures License in El Salvador To Expand Focus On Emerging Markets

Tether secured a license in El Salvador to expand into emerging markets and support financial inclusion.

The BTC Times

January 13, 2025 @ 12:05 PM PT

Tether, the issuer of the world’s most widely used stablecoin, has obtained a Digital Asset Service Provider (DASP) license in El Salvador, enabling it to operate under the country’s regulatory framework for digital assets.

This move is part of Tether’s broader strategy to expand its presence in emerging markets.

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, has introduced policies aimed at attracting investment in blockchain and digital finance.

Supporters argue these initiatives foster innovation and financial inclusion, while critics raise concerns about economic risks and volatility.

The DASP license allows Tether to issue and manage its stablecoin within the country.

El Salvador’s focus on digital assets has drawn interest from international firms seeking a supportive regulatory environment.

Paolo Ardoino, CEO of Tether, described the move as a step toward building operations in markets that promote technological innovation.

Tether ♥️ 🇸🇻

Very excited for Tether group relocating in El Salvador.
El Salvador is the beacon of freedom and @nayibbukele is an inspiring leader driving the country with love, passion and intelligence.

Seguimos 🦾 https://t.co/42Y83ryEaE
— Paolo Ardoino 🤖🍐 (@paoloardoino) January 13, 2025

The company aims to support financial inclusion through digital currencies, particularly in underserved regions.

Tether’s licensing reflects a broader trend of digital asset firms establishing operations in jurisdictions with clear regulatory frameworks.

However, questions about the sustainability and risks of these policies remain central to the global conversation about Bitcoin and stablecoin adoption.