Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Bolivia: USDT skyrockets in the parallel market, is there a crisis of confidence in the boliviano?

This week Bolivia once again became a focus of crypto attention. USDT is trading at Bs 12.43 (buy out) and Bs 12.35 (sell) in the parallel market—a significant premium that reflects something deeper than simple speculation.

What is really happening?

It's not just demand. Bolivia is facing a toxic cocktail: political uncertainty + depreciation of the boliviano + currency restrictions. People are seeking refuge, and stablecoins are the most accessible door. But here's where it gets interesting: the government just announced buy out of fuel with cryptocurrencies, which paradoxically increased the pressure on USDT.

The crux of the problem

Limited offer (banking restrictions) + explosive demand (de facto dollarization) = brutal imbalance. The premium of USDT against the official exchange rate is the gap between economic reality and official fiction.

And now what?

The authorities are silent. If they don't regulate soon, we will see more distortions in the foreign exchange market. If they regulate restrictively, more people will move to crypto. It's a classic dilemma of capital controls vs. financial freedom.

Key point: When a country is in crisis, stablecoins are not a trend—they are a necessity. Bolivia is the symptom, not the exception.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)