Bolivia weighs adding Tether's USDT to its national payments system
The Bolivian government is evaluating the potential integration of Tether's USDT into its national payments system to address U.S. dollar shortages. While the proposal is under technical review, it follows a significant surge in local cryptocurrency adoption.
Why it matters
Bolivia's move reflects a growing trend of emerging economies exploring stablecoins as a hedge against currency volatility and foreign exchange scarcity.
Economy Minister José Gabriel Espinoza said at a press conference on Monday that the government is evaluating whether USDT could circulate alongside the boliviano, the country’s fiat currency, and the U.S. dollar.
The proposal remains under technical review and the government has not published implementation rules or granted the stablecoin legal-tender status, local news outlet La Razón reported .
Officials are developing a framework for banks, digital wallets and payment providers, according to Espinoza. Any rollout would require stronger anti-money laundering controls as Bolivia remains on the Financial Action Task Force's grey list , which subjects the country to increased monitoring over shortcomings in its financial crime regime.
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