In short
- Bolivia is exploring the possibility of integrating USDT with other payment methods in the country.
- The country removed the barrier to crypto exchanges in 2024 and is still working on regulating crypto assets.
- From July 2024 to June 2025, it contributed more than $14.8 billion in crypto investments.
Bolivia’s economy is stabilizing, and it is now exploring how the Tether dollar-backed stablecoin can be integrated. USDT as a means of payment in the country, according to the local context report from The reason.
This report is based on Friday’s briefing by the Minister of Economy in Bolivia, José Gabriel Espinoza Yáñez, who highlighted the care that should be taken as part of this research.
“Remember that Bolivia is on the (Financial Action Task Force) gray list, another consequence of the problems that left us in the past, and these crypto assets must be carefully evaluated,” he said at a press conference.
“We are looking at the rules of operation for those who have received them, often because of necessity, and know how to use them properly,” he said.
The FATF listin black and gray, it identifies countries with problems in combating money laundering and terrorism. On the gray list, Bolivia is being monitored by the FATF, but it appears to be “committed to solving” the problem quickly.
“The Bolivian economy today is very different from what we had eight months ago,” Espinoza Yáñez said in a statement. “What we implemented is part of a plan that was created before we took office, and the results are beginning to validate that strategy.”
The South American country lifted the block on crypto trading in 2024, which supports the growth of crypto in Latin America, which recorded about $1.5 trillion in sales in the three years ending June 2025. according to data from Chainalysis.
In the period from July 2024 to June 2025, the country ranked eighth among its Latin American peers with $14.8 billion in sales, surpassing others such as Ecuador and Puerto Rico.
In October 2024, one of the largest banks in the country—Banco Bisa—launched its own crypto storage servicesallowing its members to store and transfer USDT, but no other crypto assets.
“USDT is widely used as a cornerstone in many emerging markets,” said Tether CEO Paolo Ardoino. written on X following news reports on the Bolivian negotiations.
The leading stablecoin by market cap, USDT is the third largest cryptocurrency with a market capitalization of over $184 billion.
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