Bolivia weighs adding Tether's USDT to its national payments system
CoinDesk·
60-second summary
Bolivia is considering integrating Tether's USDT into its national payments system, amid a surge in crypto adoption. Transaction volumes have skyrocketed to $430 million in the year following the central bank's mid-2024 relaxation of restrictions. This move could further legitimize cryptocurrencies in the country, potentially paving the way for increased mainstream adoption and financial inclusion.
Crypto usage has spiked in the country, with transaction volumes hitting $430 million in the year after the central bank removed restrictions in mid-2024.