Bolivia is assessing the possibility of incorporating Tether ' s USDT stabilization currency into the national payment system. According to the local media, La Razón, the Minister of Economy, José Gabriel Espinoza Yáñez, stated at a press conference that the assessment process required a cautious approach to encrypted assets.
He noted that Bolivia was currently on the grey list of the Financial Action Task Force (FATF) and that the use of those encrypted assets must be carefully assessed. In 2024, Bolivia lifted its ban on encrypted transactions, which contributed to the rapid growth of its encryption market. Between July 2024 and June 2025, the country had over $14.8 billion in encrypted transactions, the eighth largest Latin American country.
Espinoza Yáñez stated that the Bolivian economy was stabilizing and that the Government was developing legislation to regulate the use of encrypted assets. He stressed that USDT was increasingly used in a number of emerging market economies and that Banco Bisa, a major bank in the country, had begun to provide USDT custody services. The Chief Executive Officer of Tether, Paolo Ardoino, expressed appreciation for this, considering the growing importance of USDT in emerging market economies.