Bolivia is currently evaluating the inclusion of USDT in its national payment system to promote the legalization of stablecoin payments.

The Bolivian government is evaluating integrating Tether-issued stablecoin USDT into its national payment system, with plans to make it a compliant payment option alongside the Bolivian boliviano and U.S. dollar. The proposal remains in the technical assessment phase, with no specific implementation details released, and USDT is not being granted legal tender status. Bolivian Economy Minister José Gabriel Espinoza noted that the government is developing a regulatory framework for banks, digital wallets and payment service providers, while strengthening anti-money laundering oversight to meet regulatory requirements amid the country’s continued placement on the FATF (Financial Action Task Force) grey list. Since Bolivia’s central bank lifted crypto asset trading restrictions in June 2024, local cryptocurrency adoption has grown rapidly. Official data shows crypto transaction volume hit $294 million in the first half of 2025, a sharp rise from $46.5 million in the same period of 2024; total national crypto trading volume has increased by around 630% since the restrictions were lifted. Against the backdrop of persistent tight U.S. dollar liquidity and a shift to a floating exchange rate regime, more Bolivian businesses and residents have turned to stablecoins for cross-border payments and value storage. Earlier, state-owned energy firm YPFB announced plans to use cryptocurrency for energy import payments, while Yasta Wallet operated by state-owned Banco Unión launched a USDT purchasing service in April this year for international payments and remittances.