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Bolivia considers allowing USDT in payments to ease dollar shortages
Bolivia would evaluate a regulatory framework to treat USDT as a currency, with anti-money laundering safeguards required given the country remains on the FATF grey list.
Bolivia is evaluating a framework to integrate Tether’s USDt, or USDT, into its national payments system as the country faces a persistent shortage of US dollars, according to Cointelegraph.
Economy and Public Finance Minister Jose Gabriel Espinoza said the government is assessing whether USDT could circulate “as just another currency,” alongside the boliviano and the US dollar, and that the proposal could support everyday uses including payments, savings and trade.
Cointelegraph reports that CriptoNoticias said the framework is still under review, and if adopted it would recognize USDT for transactions without relying exclusively on cash or traditional banking, but would require a strong regulatory structure and anti-money laundering safeguards.
The initiative follows Bolivia’s broader shift toward digital assets after it lifted its longstanding cryptocurrency ban in 2024, and comes as USDT is described as the world’s largest stablecoin by market capitalization at more than $184 billion, citing CoinMarketCap.