On January 13, Protos quoted local media ElFaro as reporting that Tether executives are spending a large amount of money to purchase real estate in El Salvador and become Salvadoran citizens. Giancarlo Devasini, chief financial officer, Paolo Ardoino, chief executive officer, and Claudia Lagorio, chief operating officer, purchased two parcels of land valued at $1.70 million in the luxury golf resort Condominio Villanueva Golf Country Club, which is also a residential area El Encanto. According to the deed, Ardoino and Lagorio have become naturalized citizens of El Salvador.