By Federico Maccioni DUBAI (Reuters) -Cryptocurrency firm Tether plans to move its headquarters to El Salvador, its chief executive said, as the founders of the world's biggest stablecoin look to capitalize on the Central American country's bid to become a hub for crypto trading.

The stablecoin behemoth Tether is setting up shop for the group and its companies in Nayib Bukele's El Salvador.

Tether, the company behind the USDT stablecoin, has announced that it will move its headquarters and subsidiaries from the British Virgin Islands to El Salvador.

The cryptocurrency platform Tether is planning to relocate its headquarters to El Salvador. The operators of the world's largest stablecoin want to capitalize on the Central American country's efforts to become a center for crypto trading with this move writes the news agency Reuters.

Tether has secured a Digital Asset Service Provider license in El Salvador, enabling its relocation to the country.

Cryptocurrency firm Tether plans to move its headquarters to El Salvador, as the founders behind the world's biggest stablecoin look to capitalise on the Central American country's bid to become a hub for crypto trading.

Tether is moving headquarters to El Salvador after securing a DASP license. The company was previously incorporated in the British Virgin Islands. Tether and El