币界网报道:Tether, the issuer of the world's largest stablecoin USDT, has announced plans to construct a 70-story headquarters in El Salvador, leveraging a 30% tax waiver offered by the government. The $500 million project, dubbed "Volcano Energy," will be built in the capital city of San Salvador and is expected to become a landmark for the country's growing crypto ecosystem. Tether CEO Paolo Ardoino stated that the move aligns with the company's commitment to fostering blockchain innovation in regions with favorable regulatory environments. El Salvador, which adopted Bitcoin as legal tender in 2021, has been actively courting crypto businesses through tax incentives and infrastructure projects. The government estimates the Tether headquarters will create over 1,000 jobs and contribute significantly to the local economy. The building will house Tether's Latin American operations and include space for blockchain startups, educational facilities, and renewable energy initiatives. President Nayib Bukele praised the investment as validation of El Salvador's pro-crypto policies, noting it marks the largest single private sector commitment since the country's Bitcoin Law passed. Construction is scheduled to begin in early 2025, with completion targeted for 2028. The project will incorporate sustainable design elements and utilize geothermal energy from the country's volcanic resources. Industry analysts view this as a strategic expansion for Tether beyond stablecoin issuance, positioning the company as a physical infrastructure developer in emerging crypto-friendly jurisdictions.