Tether’s USDT has risen to a market capitalization of $172.279 billion, according to DefiLlama data, solidifying its spot as the world’s largest stablecoin. A remarkable feat indeed, wouldn’t you agree?
And what do we have here? Japanese carmakers like Toyota and Yamaha, along with China’s BYD, have started accepting USDT payments in Bolivia. A revolution, or just the usual economic chaos dressed up as progress?
USDT Adoption in Bolivia: A Match Made in… Digital Heaven?
Paolo Ardoino, Tether’s CEO, wasted no time in presenting this as a monumental milestone. Oh, the joys of watching a stablecoin strut its stuff in the world of fiat currencies!
Toyota, BYD, Yamaha accepting USDT in Bolivia
“Tu vehiculo en dolares digital”
USDT is the digital dollar for hundreds of millions in the emerging markets.
Ubiquity.– Paolo Ardoino 🤖 (@paoloardoino) September 21, 2025
Yes, indeed! The ‘digital dollar’ now has a new home in Bolivia, a land of opportunity… or perhaps desperation? USDT is becoming ever more pervasive, spreading like a viral meme beyond just crypto enthusiasts.
Ardoino, ever the optimist, pointed out that Tether now accounts for a whopping 58.8% of the stablecoin market. Wouldn’t we all like a piece of that pie?
The timing of this is just too good to be true. It comes just after Bolivia’s central bank reported crypto transactions totaling $430 million in the past year-thanks to a ban lifted in 2024. The future is indeed bright… or perhaps just glimmering?
“In one year, operations in virtual assets grew by more than % and reached $430 million,” the BCB shared in a June post.
That’s a 630% growth year-on-year. A *staggering* leap, wouldn’t you say? Well, from $46.5 million last year to $294 million this year. Truly, a tale of economic salvation-or a bubble waiting to pop?
The BCB sees crypto as a godsend for small transactions, including remittances. And who could blame them? It’s either that or *miserable queues for fuel*.
Mariela Baldivieso, a Bolivian legislator, recently expressed her belief that Bolivia is becoming a crypto powerhouse in Latin America. A bold claim! Could crypto truly be the foundation of Latin America’s economic future? Only time will tell…
¡Un gran paso para la adopción de criptoactivos en Bolivia! 🚀
A partir de este lunes 28 de octubre, estará disponible un nuevo servicio de custodia, compra y venta de USDT. Esto representa un avance significativo hacia la integración de criptomonedas en el país, acercándonos a…
– Mariela Baldivieso (@baldmariela) October 27, 2024
Bolivia’s Struggle for Stability: The Real Reason Behind the Crypto Surge
Meanwhile, Bolivia’s economic situation is truly… charming. The country is facing a severe dollar shortage, the highest inflation in 40 years, and fuel queues that have people questioning their life choices.
The boliviano is practically worthless on the black market, losing nearly half its value this year alone. As a result, many have turned to USDT for *stability*-or at least a semblance of it. Desperate times indeed.
While the government maintains an official rate, the gap between the official and black market rates is wider than your average pool table. A recipe for crypto adoption, you might say.
“This (crypto uptick) isn’t a sign of stability… It’s more a reflection of the deteriorating purchasing power of households,” Reuters reported, quoting former central bank head Jose Gabriel Espinoza.
But hey, don’t tell Tether’s CEO that. He’s too busy celebrating the fact that USDT now holds 2.9 times more new $1+ holders than all other stablecoins combined. Oh, the joy of digital dollar savings!
USDT brings digital dollar savings to the world, adding 2.9x more new $1+ holders than all other stablecoins combined over the past 90 days
– Paolo Ardoino 🤖 (@paoloardoino) September 19, 2025
Bolivia’s adoption of USDT mirrors how fast stablecoins are creeping into everyday life in emerging markets. It’s as if they’re just here to stay… for now, at least.
However, don’t expect this trend to cross the ocean to Europe just yet. MiCA (Markets in Crypto Assets) regulation is Tether’s buzzkill. So, Europe-Tether says, “Not yet!”
“When MiCA becomes safer for consumers and stablecoin issuers, then we might reconsider,” Ardoino said.
Meanwhile, Circle (the issuer of USDC) is over there with their shiny MiCA licenses, ready to expand across Europe. Someone’s playing the game better, it seems.
And so, the world turns, with Bolivia at the heart of a digital currency revolution-or a desperate gamble. Who’s to say?
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2025-09-21 22:44