
Bolivia will allow banks to offer custody, accounts, and payments in stablecoins like USDT, reflecting a regulated move into everyday crypto finance amid rising dollar demand.
Bolivia is set to integrate stablecoins into its regulated banking system, permitting services such as custody, savings accounts, and payments tied to USDT. Economy Minister Jose Gabriel Espinoza confirmed the policy, with Banco Bisa already offering USDT custody and transfer. Crypto adoption in Bolivia surged by over 500% in 2024, reaching $294 million in activity in the first half of 2025, driven by currency instability and limited access to physical US dollars. Merchants in sectors such as imports and automotive sales are testing USDT payments, while banks plan stablecoin-denominated savings products and loans. The policy stops short of making stablecoins legal tender, leaving acceptance voluntary, with regulatory oversight addressing risks like liquidity, security, and AML compliance. Pilot programs will roll out over months, aiming to boost cross-border transfers and savings stability.