Tether executives purchase property in El Salvador and become its citizens

ChainCatcher news, according to Protos citing local media El Faro, Tether executives are spending large amounts of money to purchase real estate in El Salvador and are becoming Salvadoran citizens.

The company's Chief Financial Officer Giancarlo Devasini, Chief Executive Officer Paolo Ardoino, and Chief Operating Officer Claudia Lagorio have purchased two plots of land worth $1.7 million, located in the luxury golf resort Condominio Villanueva Golf Country Club, which is also part of the residential area El Encanto. The contracts show that Ardoino and Lagorio have become naturalized citizens of El Salvador.