Bolivia weighs adding Tether’s USDT to its national payments system
Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.
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Summary
- Bolivia is evaluating a framework to integrate USDT into its national payments system as a regulated alternative to the boliviano and U.S. dollar.
- Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.
- Official adoption will require rigorous anti-money laundering controls because Bolivia remains on the Financial Action Task Force’s grey list.
