Bolivia is evaluating a regulatory framework that would allow Tether’s USDT stablecoin to be used for everyday payments, savings and trade.

The assessment follows the 2024 lifting of Bolivia’s ban on cryptocurrencies and President Rodrigo Paz Pereira’s pledge to incorporate digital assets into the formal financial system.

Economy and Public Finance Minister Jose Gabriel Espinoza said the government is reviewing a framework that would treat USDT “as just another currency” alongside the boliviano and the US dollar.

Any implementation would require a robust regulatory structure and strong anti‑money‑laundering safeguards because Bolivia remains on the Financial Action Task Force grey list.

USDT, the largest stablecoin by market capitalization, exceeds $184 billion according to CoinMarketCap.

Bolivia has experienced a prolonged shortage of US dollars, driven by a widening gap between the official exchange rate of 6.86 bolivianos per dollar and parallel market rates that trade at a premium.

The parallel market premium has increased demand for dollar‑denominated alternatives such as USDT.

In Chainalysis’ 2025 assessment, Bolivia recorded $14.8 billion in crypto transaction volume over the prior 12 months, ranking it among the most active Latin American markets.

The proposal remains under review, and the government has not indicated a timeline for approval.