Bolivia Eyes USDT Integration Amid Foreign Exchange Crisis

Bolivia is exploring ways to integrate USDT into its national financial system, following a reversal of its crypto ban. The country's economy minister, Jose Gabriel Espinoza, stated that they are evaluating the inclusion of USDT alongside its fiat currency to combat foreign exchange crisis.

The government has lifted its ban on operations servicing digital assets in June 2024, and trading volumes skyrocketed, rising over 600% in the first six months of 2025. However, Bolivia is under increased monitoring by the Financial Action Task Force (FATF) due to its gray-list status since June 13, 2025.

Espinoza emphasized that cryptoassets must be well regulated to avoid turning them into a source for money laundering or illicit activity. He stressed that a system in which USDT circulates with the U.S. dollar and the Bolivian boliviano is under consideration, but several elements would have to be in place first.