Bolivia Sees 355% Crypto Surge as USDT Integration Gains Regulatory Approval

Bolivia’s cryptocurrency adoption is gaining momentum, with a 355% increase reported in the last quarter. This surge is being driven by growing remittance flows, demand for efficient international payment solutions, and a need for asset value protection amid economic volatility [1]. The country’s rising engagement with digital assets is part of a broader regional trend, as Latin America remains the global leader in stablecoin usage, with 71% of international payments involving such instruments—surpassing Europe (58%) and the United States (39%) [1].

A key development in this evolving landscape is the upcoming regulated access to Tether’s USDT, made possible by a partnership between EFY and Banco Unión. The initiative, approved by the Financial System Supervision Authority (ASFI), marks a significant step toward formalizing digital finance within Bolivia’s institutional framework [1]. EFY CEO Andrés Tobón announced the collaboration during the Crypto Experience Summit 2025, noting that it will enable users to buy and manage digital dollars through authorized channels. This move aims to enhance transaction security, traceability, and overall user confidence.

“In Bolivia, we have seen that growth and adoption of methods for making payments abroad or receiving foreign currency more quickly and at lower costs has intensified in recent times,” Tobón stated, as reported by La Razón de Bolivia [1]. While many Bolivians already engage in crypto activities via platforms like Binance, the integration of a regulated system backed by Banco Unión is expected to add a critical layer of institutional credibility.

The initiative is currently undergoing technological integration and is projected to launch within the coming weeks. Alongside the rollout, EFY plans to implement financial education programs to guide users in the proper handling of stablecoins, mitigate common transfer errors, and highlight the operational risks involved [1]. The company views these efforts as essential for promoting safe participation in digital asset markets.

Tobón also highlighted broader global trends in stablecoin usage, noting that over $26 billion was transferred via stablecoins in 2024, with a 53% rise in capitalization. USDT, in particular, plays a central role in facilitating cross-border transactions and mitigating currency exchange barriers, especially in regions with limited banking access [1]. As Bolivia moves toward formalizing digital finance, these trends reinforce the potential for USDT to become a key instrument in the country’s evolving economic landscape.

Source: [1] USDT Adoption in Bolivia Strengthens as Regulated Access Nears Launch (https://coinmarketcap.com/community/articles/6893841bdbd4974486b4b267/)