Bitcoin24h $117,849.42-0.12%

Ethereum24h $3,790.09+0.08%

XRP24h $3.13-0.35%

BNB24h $805.68-2.49%

Solana24h $181.62-1.17%

Dogecoin24h $0.2236-1.19%

TRON24h $0.3368+4.89%

Cardano24h $0.7824-1.26%

Hyperliquid24h $43.57+0.59%

Sui24h $3.82-2.70%

Tether is ready to move to El Salvador

Tether has announced that it’s ready to move to El Salvador after receiving its Digital Asset Service Provider (DASP) license.

Tether execs are spending big on El Salvador real estate, report

Tether CEO Paolo Ardoino has reportedly bought land worth almost $2 million in a luxury El Salvadorian golf resort.

Authorities in El Salvador have agreed to end the use of bitcoin for tax payments by February 2025 in order to secure an IMF loan extension.

Simplistic calculations of El Salvador’s bitcoin holdings assume that a rally to $100K would allow IMF loan repayment. It probably won’t.

The IMF is still unhappy with El Salvador’s use of bitcoin at a sovereign level, and it’s pressing hard at the negotiation table.