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Bolivia

A collection of 4 posts

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

Bolivia Embraces Crypto Stablecoin During US Dollar and Gas Shortages

In a significant step for stablecoin adoption, Tether’s USDT stablecoin is emerging as a practical solution in Bolivia, where economic challenges like dollar and gas shortages have sparked unrest. Paolo Ardoino, CEO of Tether, recently shared images on X showcasing retail items priced in USDT, highlighting the stablecoin’s

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia Announces Plans for CBDC to Streamline Cross-Border Payments

Bolivia’s Central Bank, under the leadership of President Edwin Rojas Ulo, is forging ahead with plans to introduce a digital currency known as the “virtual boliviano,” set to debut during the nation’s bicentennial independence celebration on August 6, 2025. This initiative, designed to modernize the country’s payment

Bolivia Embraces Crypto to Address Import Issues Amid Dollar and Fuel Shortages

Bolivia Embraces Crypto to Address Import Issues Amid Dollar and Fuel Shortages

In a bold move to address mounting economic pressures, Bolivia’s state owned energy company, YPFB, has turned to cryptocurrency to facilitate payments for energy imports. This decision comes as the landlocked South American nation grapples with a severe shortage of U.S. dollars and fuel, a crisis that has

Bolivia Turns Into Crypto Haven After Ban Lift

Bolivia Turns Into Crypto Haven After Ban Lift

In the heart of South America, Bolivia has quickly emerged as a significant player in the world of cryptocurrency following the lifting of a long-standing ban on digital asset transactions. This transformation has not only altered the landscape of Bolivia's economy but has also positioned the country as