Bolivia Adopts USDT to Address Liquidity Challenges in Automotive Transactions

Bolivia’s car industry has taken a significant leap forward by introducing a new financial approach—two major dealerships, Toyosa SA and Crown Ltda, have started accepting Tether’s

as payment for vehicles, making them the pioneers in bringing stablecoins into the region’s auto market. This comes after Bolivia reversed a years-long ban on cryptocurrencies in 2024, which led to widespread adoption of USDT. The collaboration features , BitGo, and Towerbank, utilizing QR-code technology to streamline payments. This initiative responds to severe liquidity shortages caused by a dramatic fall—98%—in Bolivia’s foreign currency reserves, which plummeted from $12.7 billion in 2014 to just $171 million by August 2025 Bolivia Car Dealerships Accept USDT through Tether Partnership [ 1 ].

Turning to USDT has become a strategic way to counter the shortage of US dollars, with stablecoins now enabling both domestic and cross-border payments. The daily volume of USDT transactions in Bolivia has soared to nearly $1 million—a fiftyfold jump from $20,000 at the year's start Toyota, Yamaha, and BYD Accept Tether in Bolivia Amid Dollar Crisis [ 2 ]. Paolo Ardoino, CEO of Tether, described USDT as a “digital dollar” that can simplify business in markets facing unstable currencies. The first

was bought with USDT in September 2025, a deal enabled by BitGo’s secure custody solutions and Towerbank’s payment processing Toyota, BYD, and Yamaha Accept USDT in Bolivia [ 3 ].

Bolivia’s regulatory landscape has shifted to support crypto, with the central bank permitting digital asset transactions and recognizing USDT as a practical substitute for traditional money. This change has inspired further economic trials, such as state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) adopting crypto for importing fuel. Shops in airports are also starting to list prices in USDT, reflecting a growing trend of using stablecoins in daily transactions Bolivia’s Economic Crisis Drives Stablecoin Adoption [ 4 ]. Experts point to similar stories in Argentina and Venezuela, where stablecoins improved liquidity and merchant activity—suggesting Bolivia’s approach could become a model for other Latin American countries battling similar economic woes Historical Precedents for Stablecoin Integration [ 5 ].

The ongoing success of this initiative depends on both regulatory and institutional support. BitGo’s robust security measures and Towerbank’s processing capabilities have increased trust, while regulatory reforms in Bolivia have fostered a space for fintech progress. Tether’s expansion of its USDT network across South America highlights the coin’s usefulness in regions where banking options are limited. Although the boliviano remains the main currency, its weakening value is motivating both individuals and businesses to turn to stablecoins for more reliable transactions USDT Liquidity and Economic Impact [ 6 ].

Financial experts warn that while the adoption of USDT offers quick relief for liquidity issues, its lasting impact will depend on regulatory stability and public confidence. The use of stablecoins in high-value markets like auto sales shows their potential to move beyond mere speculation and serve as regular payment solutions. As Bolivia approaches its October elections amidst political uncertainty, the growing use of crypto could support calls for economic reform, with candidates such as Rodrigo Paz Pazeira promoting blockchain for greater transparency in governance Political Implications of Crypto Adoption [ 7 ].

This progress puts Bolivia at the forefront of a regional movement, with USDT’s entry into the auto sector poised to influence other Latin American countries facing currency instability. The partnership’s broad support and potential for expansion point to stablecoins becoming a foundation for economic stability in developing regions.