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Tether Becomes Daily Currency as Bolivia Turns to Digital Dollars

  • Tether (USDT) is increasingly being used in Bolivia for daily transactions, with many stores pricing goods in the stablecoin instead of the national currency due to economic instability and rising inflation.
  • Following the lifting of Bolivia's crypto ban in mid-2024, there has been a surge in digital asset adoption, particularly USDT, with trading volumes exceeding $48 million in just a few months.
  • The use of mobile wallets and QR code payments has facilitated daily USDT transactions in Bolivia, contributing to financial inclusion in areas with limited traditional banking services.
  • Tether's increasing presence in Bolivia signals a major transformation in everyday commerce, as the stablecoin gains significant traction among local consumers and businesses, offering a more stable alternative amidst economic challenges.

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