Bolivia Considers Allowing USDT Circulation as Country Faces Foreign Currency - HOKANEWS.COM
Bolivia Considers Allowing USDT Circulation as Country Faces Foreign Currency - HOKANEWS.COM
Source: HOKANEWS.COM
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DW NOTE
Bolivia banned crypto in 2014 and now needs USDT to patch a foreign exchange crisis. The central bank burned through $3.5 billion in reserves defending the boliviano last year — down to $1.8 billion from a 2014 peak of $15 billion. When you run out of dollars, you either float the currency or legalise the stablecoins people are already using.