CMC News

#Toyota and Major Automakers Accept $USDT Payments in #Bolivia

Toyota, Yamaha, and BYD dealerships in Bolivia now accept $USDT payments as the country confronts severe U.S. dollar shortages. Tether CEO Paolo Ardoino confirmed the development, sharing dealership signs advertising $USDT as "easy, fast, and safe."

Bolivia lifted its comprehensive cryptocurrency ban in June 2024, permitting banks to process $BTC and stablecoin transactions. The policy reversal directly addressed the country's escalating foreign exchange crisis and rapidly depleting traditional reserves.

#BitGo facilitated the inaugural Toyota purchase using $USDT on Saturday, providing custody services and transaction support. The collaboration demonstrates institutional infrastructure supporting mainstream cryptocurrency adoption in emerging markets.

Bolivia's Central Bank recorded $294 million in cryptocurrency transactions during 2025's first six months. This represents a dramatic 630% increase from $46.5 million processed throughout the entire 2024 period.

Local businesses increasingly price goods in $USDT to navigate persistent currency instability. Airport retailers and import-dependent businesses use stablecoins for international trade when traditional dollar access becomes severely limited or completely unavailable.