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Bolivia Integrates Stablecoins Into Banking Amid Rising Crypto Use

Bolivia is integrating stablecoins like USDT into its banking system, allowing banks to offer accounts and payment services tied to these digital currencies. This shift aims to help citizens maintain dollar-pegged value amid local currency instability.

Banks Offering Stablecoin Services

  • Economy Minister Jose Gabriel Espinoza announced the integration of stablecoins.
  • Banco Bisa has started providing custody and transfer services for USDT.
  • Crypto transactions in Bolivia rose over 500% last year, reaching $294 million in H1 2025.

Payments and Savings

  • Businesses are testing USDT for real payments, with some sectors accepting stablecoin payments.
  • The change addresses physical dollar shortages and local currency volatility.

Stablecoin Integration

Cross-Border Transfers and Regulatory Considerations

  • Stablecoins can facilitate cross-border transfers when US dollar access is limited.
  • Challenges include unbanked populations, internet access, and consumer protection needs.
  • Stablecoins are not legal tender; their use remains voluntary for merchants.

Future Outlook

  • Pilot programs and months of rollout are expected, with analysts monitoring adoption rates.
  • Bolivia’s approach could influence neighboring countries with similar economic challenges.

This policy shift marks a move towards regulated crypto use in Bolivia's financial system, potentially stabilizing savings and facilitating cross-border transactions.