Crypto company Tether, one of the largest in the industry, has announced plans to physically relocate part of its operations to El Salvador, in addition to moving its headquarters to the country. The company also intends to build a skyscraper, called "Tether Tower," though the location has not been disclosed. Tether's CEO, Paolo Ardoino, confirmed the news, stating that other crypto and tech companies would likely follow suit. The move comes as part of Tether's push to focus on emerging markets and establish a presence in El Salvador.



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