Bolivian retailers have begun using USDT for pricing, linked to economic difficulties in the country.
Changes in Bolivia's Economy
On June 7, 2025, Tether's CEO Paolo Ardoino announced that Bolivian retailers have started pricing goods in USDT. This change is tied to the instability of the local currency, Boliviano, highlighting the rising popularity of stablecoins in economically challenged regions.
USDT Usage in Retail
Stores in Bolivia are increasingly accepting USDT for payments on goods like chocolates. Ardoino shared photos confirming this economic shift. "More businesses in Bolivia are now using Tether's USDT to show their product prices," he noted.
Influence on Local Business Practices
The adoption of USDT affects local business practices and consumers seeking to shield themselves from economic uncertainties through stable currencies. This shift raises questions about potential government responses to the use of foreign currencies in the country. Historically, Latin American countries have begun adopting stablecoins amid economic troubles, and developments in Bolivia mirror similar trends seen in other regions.
Thus, the rise in USDT usage in Bolivia illustrates how regions facing economic instability find ways to adapt to new financial realities.
