Bolivia is evaluating integrating Tether’s USDt into its nationwide funds system, a transfer that might mark one in all Latin America’s most important stablecoin adoption initiatives because the nation grapples with a persistent scarcity of US {dollars}.
Economic system and Public Finance Minister Jose Gabriel Espinoza told a press convention on Monday that the federal government is assessing a regulatory framework that will permit USDT to flow into “as simply one other foreign money,” alongside the Bolivian and the US greenback.
In line with the Spanish information outlet CriptoNoticias, the framework remains to be beneath assessment and, if adopted, would recognize USDT for on a regular basis transactions, together with funds, financial savings and commerce, with out relying solely on money or the normal banking system.
Espinoza mentioned any rollout would require a strong regulatory framework and powerful anti-money laundering safeguards as a result of Bolivia stays on the Monetary Motion Process Pressure (FATF) grey record, which identifies jurisdictions beneath elevated monitoring for deficiencies in stopping cash laundering and terrorist financing.
Supply: EL DEBER
The proposal is a part of Bolivia’s broader embrace of digital belongings following the lifting of its longstanding ban on cryptocurrencies in 2024. Since taking workplace in late 2025, President Rodrigo Paz Pereira’s administration has pledged to combine digital belongings into the formal monetary system, paving the best way for banks to supply crypto-related services, together with stablecoin-based accounts.
USDT is the world’s largest stablecoin, with a market capitalization exceeding $184 billion, in response to CoinMarketCap.
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Greenback scarcity fuels stablecoin push
Bolivia’s stablecoin initiative comes because the nation grapples with a protracted scarcity of US {dollars}, that are extensively used alongside the nationwide foreign money, the boliviano.
As Reuters reportedBolivia maintained an official trade price of 6.86 bolivianos per US greenback for purchases and 6.96 for gross sales from 2011 till earlier this yr, when mounting strain on international trade reserves pressured the federal government to desert the long-standing peg. The ensuing greenback scarcity fueled the growth of a parallel international trade market, the place the greenback traded at a steep premium to the official price.
The widening hole between the official and parallel trade charges has boosted demand for dollar-denominated options, together with stablecoins comparable to USDT, which have more and more been used for funds.
Bolivia ranked extremely in Chainalysis’ 2025 evaluation of crypto adoption throughout Latin America, with $14.8 billion in complete transaction quantity over a 12-month interval.
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