Bolivia weighs adding Tether's USDT to its national payments system
CoinDesk 2026-07-13 14:47:52
Context: Bolivia is considering integrating Tether's USDT into its national payments system, a move that comes after the country saw a significant surge in cryptocurrency usage. The central bank removed restrictions on crypto transactions in mid-2024, leading to a substantial increase in activity. This development has sparked interest in further incorporating crypto into the country's financial infrastructure.
Key Facts
- Crypto transaction volumes in Bolivia reached $430 million in the year following the central bank's decision to remove restrictions on cryptocurrency transactions in mid-2024.
- The central bank of Bolivia removed restrictions on cryptocurrency transactions in mid-2024, paving the way for increased adoption and usage of digital currencies in the country.
- Tether's USDT is being considered for addition to Bolivia's national payments system, a decision that could further legitimize and integrate cryptocurrency into the country's financial ecosystem.