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.
Source: CoinDesk
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DW NOTE
Bolivia banned crypto in 2014, lifted the ban in mid-2024, and is now considering integrating USDT into its national payments system. That's not policy evolution — it's a admission that the boliviano has become so unreliable that officials would rather denominate transactions in a private company's dollar proxy than defend their own currency. The $430 million in post-ban transaction volume suggests Bolivians were never waiting for permission.