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What will be the status of Bitcoin as legal tender in El Salvador by the end of 2025?
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Resolution / Starting Odds
Remains legal tender • 25%
Restricted use • 25%
Completely banned • 25%
Other • 25%
Official government announcements or legal documents
Story
After $10B Profit, Tether Relocates Headquarters to El Salvador to Foster Bitcoin Adoption
Jan 13, 2025, 03:33 PM
Tether, the issuer of the USDT stablecoin, announced plans to relocate its headquarters and subsidiaries to El Salvador following the acquisition of a Digital Asset Service Provider (DASP) license in the country. The move comes after Tether reported $10 billion in profits in 2024. Tether CEO Paolo Ardoino expressed excitement about the relocation, calling El Salvador "the beacon of freedom" under President Nayib Bukele's leadership. The company aims to foster global Bitcoin adoption and strengthen its focus on emerging markets and innovation. El Salvador, which adopted Bitcoin as legal tender in 2021, continues to attract crypto firms.
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Similar markets
No longer legal tender • 33%
Voluntary use only • 33%
Remains legal tender • 33%
Mandatory • 25%
Voluntary • 25%
Revoked • 25%
Unchanged • 25%
Other • 25%
Remains legal tender • 25%
Voluntary for businesses • 25%
No longer legal tender • 25%
Mandatory acceptance • 25%
Bitcoin no longer legal tender • 25%
No change • 25%
Voluntary acceptance • 25%
Increased regulation • 25%
Deregulation • 25%
Status quo maintained • 25%
Other • 25%
Prohibited acceptance • 25%
Mandatory acceptance • 25%
Voluntary acceptance • 25%
Mixed policies • 25%
Highly positive • 25%
Negative • 25%
Neutral • 25%
Moderately positive • 25%
Decreased Bitcoin adoption • 25%
Increased Bitcoin adoption • 25%
Indeterminate impact • 25%
Stable Bitcoin adoption • 25%