Tether · South Korea · U.S. · Decrypt
Bolivia Is Considering Adding Tether's USDT Stablecoin to National Payments System: Report
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Bolivia’s economy is stabilizing, and now it is investigating the potential inclusion of Tether’s dollar-backed stablecoin USDT as a form of payment in the nation, according to a local news report from La Razón.
Key facts
- The South American nation removed a block on crypto transactions in 2024, helping to fuel explosive crypto growth in Latin America, which recorded almost $1.5 trillion in transactions
- During the period from July 2024 to June 2025, the nation ranked eighth among its Latin American peers with $14.8 billion in transactions, outpacing others like Ecuador and Puerto Rico in the process
- The leading stablecoin by market cap, USDT ranks third among all crypto assets with a market capitalization of more than $184 billion
- In October 2024, one of the nation’s biggest banks—Banco Bisa— kick-started its crypto custody services, allowing its members to store and transfer USDT, but no other crypto assets
Summary
Bolivia is assessing the potential to include USDT alongside other forms of payment in the nation. The nation removed a block on crypto transactions in 2024 and is still working on a way to regulate crypto assets. From July 2024 to June 2025, it facilitated more than $14.8 billion in crypto transaction volumes. The report stems from a Friday briefing from Bolivia’s Minister of Economy, José Gabriel Espinoza Yáñez, who highlighted the care that must be taken as part of the assessment.