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Tether relocates to El Salvador, obtains DASP license to legally issue stablecoins

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Summary
Nutrition label

68% Informative

USDT issuer Tether has announced its relocation to El Salvador after acquiring a DASP license.

The move will allow Tether to expand its activities in El Salvador where there is an increasing number of people who understand Bitcoin .

El Salvador’s President Nayib Bukele has been very supportive of cryptocurrency.

Tether said that it will collaborate with the Salvadoran government and enterprises to expand financial access and popularize stablecoins.

VR Score

51

Informative language

43

Neutral language

64

Article tone

formal

Language

English

Language complexity

72

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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