Bolivian merchants turn to USDT to protect themselves from the instability of the Boliviano

On June 7, 2025, Paolo Ardoino, the CEO of Tether, revealed that leading retailers in Bolivia, such as

, BYD, and Yamaha, have begun to accept Tether’s as a payment method USDT Adoption Surges in Bolivia Fueled by Tether and Banks [ 1 ]. This marks a notable advancement in Bolivia’s expanding use of stablecoins, influenced by economic difficulties and recent regulatory reforms. The decision highlights a deliberate move toward digital currencies to help manage the instability of the local currency.

Bolivia has reformed its regulatory stance to accommodate stablecoin activities, following the 2024 revocation of earlier crypto bans through Board Resolution N°082/2024 USDT Adoption Surges in Bolivia Fueled by Tether and Banks [ 1 ]. These updated rules now permit regulated

asset dealings, including stablecoin storage services, which are now offered by financial institutions such as Banco Bisa, one of Bolivia’s prominent banks USDT Adoption Surges in Bolivia Fueled by Tether and Banks [ 1 ]. The launch of stablecoin custody by such banks signals growing institutional trust in USDT as a reliable exchange medium. Ardoino pointed out that USDT’s practical use can be seen in retail, where items like Cadbury Dairy Milk, Oreo, and Milka chocolate are priced in the stablecoin Tether CEO Paolo Ardoino Reveals Massive USDT Adoption in Bolivia [ 3 ].

The rapid increase in USDT adoption is part of a wider pattern in Bolivia, where cryptocurrency activity jumped by 355% during the last quarter of 2024 USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch [ 2 ]. This spike is driven by factors like remittance needs, the demand for quicker global payments, and a desire to safeguard assets in an unstable economy. A partnership between EFY and Banco Unión, greenlit by the Financial System Supervision Authority (ASFI), will make regulated USDT access available to Bolivian investors USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch [ 2 ]. The goal is to improve transaction transparency and security, in line with international moves to bring digital assets into mainstream finance.

USDT’s acceptance in Bolivia is closely tied to the nation’s long-standing battles with currency devaluation. The local currency, the Boliviano, has experienced major swings, prompting the public to look for alternatives. By tagging products with USDT prices, businesses help shield buyers from inflation and currency risk. Ardoino stressed that this trend is about more than just crypto—it’s part of a larger search for financial security in countries with unstable monetary systems USDT Adoption Surges in Bolivia Fueled by Tether and Banks [ 1 ].

Both financial regulators and institutions are increasingly seeing stablecoins as a tool for economic stability. The Bolivian Central Bank’s approval of stablecoin custody points to a practical approach to monetary challenges. Experts believe Bolivia’s experience could serve as a blueprint for other countries facing similar hurdles, especially in Latin America, where 71% of cross-border payments in 2024 used stablecoins USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch [ 2 ]. The everyday use of USDT in commerce underscores the growing impact of digital assets on addressing deep economic issues.

Despite these advances, obstacles persist, such as the need for better public understanding of stablecoins and operational security. EFY has committed to launching educational initiatives to reduce errors in transfer networks and encourage safer engagement with digital markets USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch [ 2 ]. These campaigns aim to establish confidence in USDT as a dependable option for daily transactions.

The worldwide stablecoin sector is expanding, with USDT’s market value exceeding $112 billion USDT Adoption Surges in Bolivia Fueled by Tether and Banks [ 1 ]. In 2024 alone, stablecoins were used in $26 billion worth of transfers, marking a 53% increase from the prior year USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch [ 2 ]. Bolivia’s move to embrace USDT fits within this global trend, positioning the country as an emerging force in digital finance. As regulations evolve and institutional backing strengthens, stablecoins are expected to play an even greater role in worldwide commerce, opening new doors for economic stability and financial inclusion.