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USDT has become popular in Bolivia as the government approves cryptocurrency banking services.
Bolivia is taking a big step by allowing stablecoins to participate in the regulated banking system, marking a shift in how people save and make payments. Banks can now offer accounts, custody services, remittances, and payments related to USDT. This policy comes as the demand for crypto rises to the sky due to the local currency facing pressure and a shortage of USD cash.
At least one bank, Banco Bisa, has implemented USDT custody and transfer services. Crypto activity reached approximately 294 million USD in the first half of 2025, prompting regulatory intervention. Businesses and individuals have started using USDT in daily transactions, particularly in the automotive and import sectors.
Stablecoin is expected to support international money transfers despite still facing barriers. The government asserts that stablecoin will not become legal tender but will be regulated within the current financial framework.