El Salvador Partners Tether to Launch Freedom Visa On Bitcoin and USDT Investment El Salvador has announced a citizenship-by-investment scheme powered by Tether, the company behind stablecoin,
USDT that allows people to acquire citizenship through Bitcoin (BTC) and USDT investments. The stablecoin issuer disclosed
the partnership in a Dec 7 press release rolling out the El Salvador Freedom Visa Program where people can contribute to the country’s development
and earn citizenship status as a reward. "This visa program is designed to foster an environment where individuals contribute to shaping a new socio-economic landscape for El Salvador, a growing hub of international tourism, and attract individuals deeply committed to catalyzing economic expansion and driving transformative societal change." Targeted at high net worth individuals,
the policy sees investors as positioning El Salvador as a global hub for technology and financial innovation to obtain a passport. According to the release,
the program will incentivize support for the region’s development, cultural enrichment, and upliftment. The first step toward application is a non-refundable
$999 deposit in Bitcoin or USDT and necessary Know-your-customer (KYC) requirements.
