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Tether drives USDT to become a national payment option in Bolivia

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CoinDesk news, Bolivia is considering using Tether’s USDT as an official payment option, alongside the country’s boliviano and the US dollar, to address a foreign exchange shortage. Government officials are evaluating a proposal that would allow USDT to circulate as part of the national payment system. If approved, Bolivia would become the first Latin American country to formally recognize USDT. Due to a decline in natural gas production, Bolivia’s US dollar reserves have fallen, and businesses face a shortage of foreign exchange. The government has begun exploring alternative payment methods, gradually incorporating cryptocurrencies into its strategy. In March 2025, state-owned energy company YPFB received authorization to use cryptocurrencies to pay for fuel imports. In June 2025, Tether CEO Paolo Ardoino shared photos of products in Bolivia shops priced in USDT, indicating that stablecoins have been used for everyday purchases. Local banks have also started supporting USDT-related services, suggesting that the financial infrastructure required for widespread adoption is largely in place. Although Bolivia has not yet finalized a legal framework for USDT, reports show that the proposal has gone further than any prior crypto initiative.
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GateUser-3e7da866
· 9h ago
As USDT becomes the official payment method, who covers the de-peg risk?
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GateUser-665eb149
· 9h ago
YPFB first used crypto to pay for fuel, and now the store prices are already posted—delivery speed has indeed been fast.
View OriginalReply0
GateUser-eccf92a1
· 10h ago
The first in Latin America? This move is even more aggressive than El Salvador’s.
View OriginalReply0

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