Bolivia Eyes USDT in National Payments | Bitcoin and Crypto News

Bolivia is poised to integrate Tether’s USDT stablecoin into its national payment system, marking a dramatic U-turn from past crypto bans. Economy Minister José Gabriel Espinoza confirmed technical reviews are underway to allow USDT alongside the boliviano and U.S. dollar — though no official legal tender status has been granted yet. This follows a June 2024 policy reversal that unleashed crypto adoption, with transactions surging 630% to $294 million in just six months. Driven by a severe U.S. dollar shortage and a newly floating exchange rate, Bolivians and institutions — including state energy giant YPFB — are embracing crypto for payments and imports. The central bank is even studying El Salvador’s crypto roadmap, while Banco Unión’s Yasta wallet has already enabled USDT purchases since April. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/425abab3398ef6ef