Tether executives, including the CFO Giancarlo Devasini, CEO Paolo Ardoino, and COO Claudia Lagorio, are reportedly buying luxury real estate in El Salvador and becoming citizens of the country. Ardoino and Lagorio purchased two plots of land in a golf resort worth $1.7 million and have also naturalized as Salvadorian citizens. Devasini bought a $2 million house in San Salvador and owns multiple companies in El Salvador. The report also mentions Bitfinex, a crypto exchange connected to Tether, moving its derivatives services to El Salvador. Tether has hired a lobbying firm to strengthen its US relations. Additionally, the rising land prices in El Salvador, particularly in the area known as "Bitcoin Beach," have increased by over 130% since the country's BTC law was passed in 2021.



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