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The Bolivian government is assessing the possibility of including USDT in the national payment system

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According to CriptoNoticias, Bolivia’s Minister of Economy and Public Finance José Gabriel Espinoza said the government is conducting a technical assessment of the possibility of incorporating USDT into the national payment system so that it can circulate in the economy like the US dollar and the Boliviano. Espinoza said that although Bolivia has already lifted its ban on crypto assets, it still lacks a complete regulatory framework; therefore, further rules need to be developed and the country’s anti-money laundering requirements stemming from its status on the FATF grey list must be considered. Due to a long-term shortage of foreign exchange, USDT has been widely used in Bolivia for fuel purchases and everyday transactions since 2024. In April this year, the state-owned Banco Unión integrated USDT into the digital wallet Yasta, and Banco FIE also launched a crypto account service that supports buying and selling USDT.
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SeaSaltAirdropParticipants
· 1h ago
From the ban to being included in the payments system took just one or two years—Latin American countries’ policy shift is surprisingly fast. However, people pragmatically use stablecoins to hedge against local-currency depreciation in everyday transactions.
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MempoolDrifter
· 1h ago
Bolivianos, US dollars, and USDT—are they in a three-way balance? Yasta and Banco FIE have already kicked things off, with banks grabbing the race track faster than regulators.
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