Tether Plans to Build 70-Story Crypto Hub Skyscraper in El Salvador
Imagine a towering beacon of innovation rising 70 stories high in the heart of El Salvador, a country that’s quickly becoming a haven for tech and crypto pioneers. That’s exactly what Tether, the company behind the $140 billion stablecoin USDT, is planning to bring to life.
In a recent conversation with the local press, Tether’s CEO, Paolo Ardoino, pulled back the curtain on the company’s ambitious plans for its new headquarters, aptly named Tether Tower. This isn’t just another corporate building; it’s a statement of faith in El Salvador’s vision for the future and a testament to the transformative power of Bitcoin and crypto.
Ardoino didn’t mince words when he explained the significance of this project. The skyscraper isn’t just about Tether planting its flag; it’s about creating a thriving ecosystem for like-minded companies to flourish. While Tether will anchor the space, the tower will also house other tech and crypto innovators, though Ardoino kept the names of these future tenants under wraps for now. This skyscraper is meant to symbolize prosperity, growth, and a new chapter for a nation that’s positioning itself as a global leader in the digital economy. As Ardoino put it, “It is the country of the future.”
Investing in People and Progress
Beyond the steel and glass, Tether’s commitment to El Salvador runs deeper. Ardoino emphasized that the company isn’t just here to build a tower; it’s here to invest in the country. The skyscraper will need to be filled, not just with businesses, but with talent. Tether is already ramping up its hiring efforts, focusing on compliance and technology roles to support its expanding operations. Rumble, a Tether-backed company, is also setting up shop in El Salvador, with plans to hire locally after securing a deal to provide cloud computing services to the government. These moves signal a broader trend of tech companies recognizing the untapped potential of the region. Other countries are also investing in their local economies in the same way. In Dubai, they are also building a crypto tower.
What makes El Salvador stand out in this rapidly evolving landscape? According to Ardoino, it’s the country’s forward-thinking approach to digital assets. Under President Bukele’s leadership, El Salvador has embraced cryptocurrency with open arms, offering the stability and regulatory clarity that companies like Tether need to thrive. Ardoino didn’t shy away from praising the nation’s vision, noting that El Salvador is one of the few places that truly understands the transformative potential of crypto.