Toyota Sold in Bolivia Using USDT Stablecoin

A Toyota vehicle in Bolivia was purchased using Tether (USDT), marking the first such transaction in the country.
The payment was facilitated through partnerships that support cryptocurrency settlements.
Bolivia's central bank maintains a strict stance on decentralized cryptocurrencies, banning them since 2014.
The use of stablecoins like USDT occurs through peer-to-peer markets, often outside the formal financial system.
Stablecoin adoption is rising in Latin America due to currency volatility and limited banking access.