- Toyota, Yamaha, and BYD now accept Tether in Bolivia.
- Stablecoins help businesses bypass US dollar shortages.
- Upcoming elections may shape Bolivia’s crypto future.
Bolivia is taking a bold step toward cryptocurrency adoption as Toyota, Yamaha, and BYD now accept Tether (USDT) for vehicle purchases. The move comes amid a deepening dollar shortage, offering citizens and businesses a stable alternative in an uncertain economic climate.
Automakers Embrace Stablecoin Payments
Tether CEO Paolo Ardoino confirmed that Bolivian dealerships are now processing payments in USDT. BitGo, a crypto security firm, reported that the first Toyota was successfully purchased using Tether last Saturday, with dealerships displaying signage promoting crypto as “easy, fast, and safe.” Partnerships between Tether, BitGo, and local dealerships ensure secure self-custody solutions and smooth transactions.
Toyota, BYD, Yamaha accepting USDT in Bolivia
— Paolo Ardoino 🤖 (@paoloardoino) September 21, 2025
"Tu vehiculo en dolares digital"
USDT is the digital dollar for hundreds of millions in the emerging markets.
Ubiquity. pic.twitter.com/0X0SH3USXX
Crypto Gains Ground Amid Dollar Shortages
Bolivia’s foreign exchange reserves have plummeted from $12.7 billion in July 2014 to just $171 million in August 2025, leaving businesses and consumers scrambling for stability. While the boliviano remains the primary currency, many locals are turning to stablecoins or the US dollar. Airports and shops have already begun pricing items in USDT, reflecting a growing comfort with digital currency for everyday transactions.
Businesses Rely on USDT for Trade
Local companies importing goods are increasingly using Tether to bypass US dollar constraints. Gabriel Campa, head of digital assets at TowerBank, explained that businesses convert locally purchased stablecoins into dollars for overseas payments and sometimes list products in USDT to maintain a circular stablecoin economy. This approach helps trade and operations continue despite currency shortages.
Bolivia’s upcoming October 19 run-off election could shape the country’s crypto trajectory. Rodrigo Paz Pereira proposes blockchain for government transparency, while Jorge “Tuto” Quiroga’s stance remains less defined. The outcome will determine how Bolivia navigates nearly two decades of economic and political challenges under the previous administration.
Also Read: Tether Blocks $12.3M in Suspicious Tron Transactions—Part of $126M Crackdown
Bolivia’s embrace of Tether signals a pragmatic shift as citizens and businesses seek stability beyond traditional fiat. As crypto gains real-world utility in vehicle purchases, imports, and daily transactions, Bolivia may become a new Latin American leader in digital finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
