Bolivia considers incorporating USDT into the national payment system to alleviate the US dollar shortage issue
Odaily reported, citing market sources: The South American country Bolivia is considering integrating USDT into its national payment system to address the persistent shortage of US dollars domestically.
In recent years, Bolivia's foreign exchange reserves have continued to decline, and the tight supply of US dollars has put pressure on import trade, cross-border payments, and residents' access to foreign currency. Against this backdrop, authorities are evaluating the feasibility of using stablecoins as payment and settlement tools to improve the efficiency of capital flow and mitigate the impact of US dollar shortages.
If the relevant plan moves forward, Bolivia could become another country exploring the incorporation of stablecoins into its national financial system. As more governments and financial institutions pay attention to the application of digital dollars in cross-border payments, trade settlement, and fund management, stablecoins are gradually breaking through the boundaries of the crypto market and penetrating the real economy and public payment systems.
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