Bolivia weighs adding Tether's USDT to its national payments system
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6 Articles
Bolivia Weighs Adding Tether’s USDT To National Payments After Lifting Crypto Ban
Bolivia’s government has begun exploring the possibility of integrating Tether’s USDT stablecoin into the national payments system, a move that would have been unimaginable just two years ago when the country maintained one of the strictest total bans on cryptocurrency activity in the hemisphere. According to the original report, this policy shift comes after crypto transaction volumes jumped to $430 million in the year following the central ban…
Bolivia studies letting USDT circulate alongside the boliviano and dollar
Bolivia is considering adding Tether’s USDT stablecoin to its official payments system. Economy Minister José Gabriel Espinoza confirmed today that the government is looking into whether USDT could be approved as a payment option, along with the boliviano and the US dollar. Speaking at a recent press conference, Espinoza shared that the proposal covering banks, digital wallets, and payment providers is still under review. However, USDT does not …
Key points of the news: Bolivia evaluates integrating Tether’s USDT stablecoin into its national payment system as a regulated alternative to its local currency and the dollar. The volume of crypto transactions grew by 630% after the removal of restrictions in June 2024, reaching $430 million in a year. Economy Minister José Gabriel Espinoza confirmed that the proposal is under technical review and still has no implementing rules. Bolivia evalua…
Bolivia is studying to incorporate USDT from Tether into its national payment system as part of a strategy to modernize financial infrastructure and offer a regulated alternative to the growing shortage of US dollars. The initiative, which is still under technical evaluation, represents a new chapter in the transformation of the country, which went from banning transactions with cryptocurrencies to considering the integration of a stablecoin wit…
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