2 stories on Bolivia, newest first.
Bolivia is weighing official recognition of USDT, Tether's dollar-backed stablecoin, as a payment currency. The move addresses acute shortages of physical dollars while capitalizing on rising crypto adoption, with transaction volumes surging to $430 million after the central bank loosened restrictions in mid-2024.
Bolivia is considering a policy framework that would let Tether's USDT stablecoin function as an official payment currency alongside the Boliviano. The country faces dollar shortages that make a dollar-pegged stablecoin appealing for payments, savings, and trade, particularly as crypto transaction volumes have surged since the central bank lifted restrictions in mid-2024.
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