El Salvador, along with the largest stablecoin issuer in the world, Tether, has introduced a new citizenship-by-investment program, the “Adopting El Salvador Freedom Visa Program,” aimed at attracting 1,000 individuals willing to make a significant investment in the country using Bitcoin or USDT.

Successful applicants will receive a residency visa, a pathway to citizenship, and the opportunity to become integral contributors to El Salvador’s “socio-economic transformation.”

Tether Selected As Technology Provider For El Salvador 

In collaboration with Tether, the government of El Salvador announced the program’s launch. It aims to create an environment where individuals can actively shape the nation’s future by catalyzing economic expansion and driving transformative societal change. 

The initiative focuses on establishing El Salvador as a global center for “cutting-edge” technology, financial innovation, culture, safety, and societal progress.

According to the announcement, applicants must meet eligibility criteria and make a non-refundable $999 deposit in Bitcoin or USDT during the streamlined application process to participate in the program. Upon acceptance, the deposit will be credited towards the required $1 million investment in Bitcoin or USDT, which secures the Freedom Visa and paves the way for citizenship. 

Tether’s role as a technology enabler supports the initiative by providing essential tech and payment infrastructure. In this regard, Paolo Ardoino, Tether’s CEO stated: 

Our collaboration with the government of El Salvador is a significant moment for Tether as a technology provider. This initiative highlights our c

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Author: Ronaldo Marquez

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