Crypto Biz: When dollars disappear, stablecoins step in

60-second summary

Bolivia is set to recognize USDT as a stablecoin, addressing a severe dollar shortage in the country. This move could increase adoption and usage of USDT. Meanwhile, Bitcoin miners' AI ambitions are facing investor scrutiny, potentially impacting the industry's growth. The shift towards stablecoins may indicate a growing need for dollar substitutes in emerging markets, underscoring their increasing relevance.