Tether's investment in Pact Labs could accelerate USA adoption, but hinges on regulatory clarity and competition from established players. Tether leads $7M Series A in Pact Labs to expand USA₮ into payroll and payments.
A prolonged dollar shortage is pushing the once crypto-averse government to consider bringing the largest stablecoin into its formal payments system.
Bolivia's government is exploring a regulatory pathway that would grant Tether's USDT formal recognition as an accepted payment instrument, positioning the stablecoin alongside both the boliviano and American dollar within the nation's monetary framework.
During a press conference, Jose Gabriel Espinoza, the Minister of Economy and Public Finance of Bolivia, stressed that the government was evaluating the inclusion and circulation of the USDT stablecoin in the national payment system, allowing its use to pay debts.
Amount and duration: The corporate pilot settled an intercompany payment of $20,000 in an estimated time of seven minutes. Infrastructure used: The operation was processed through the Avalanche blockchain network and the settlement platform of the firm Axiym. Market growth: The total capitalization of stablecoins rose to $312.
Bolivia is considering adding Tether's USDT stablecoin to its official payments system. Economy Minister José Gabriel Espinoza confirmed today that the government is looking into whether USDT could be approved as a payment option, along with the boliviano and the US dollar.
As foreign currency reserves remain under pressure, Bolivia is considering a framework to let the world's largest stablecoin be used for payments, savings and trade.
Bolivia considers USDT payments alongside the boliviano and dollar while regulators prepare strict controls for banks and wallets.
Bolivia is evaluating the integration of Tether's USDT stablecoin into its national payment system as a regulated alternative to its local currency and the dollar. Crypto transaction volume grew 630% after restrictions were lifted in June 2024, reaching $430 million over one year.
Bolivia's USDT adoption could enhance financial inclusion, stabilize currency access, and integrate digital assets into its banking sector. Bolivia weighs USDT as official payment method after crypto ban lift.
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The Bank of Thailand is reportedly reviewing high-value USDT transactions as part of an effort to strengthen anti-money laundering oversight, according to recent reporting from Thai financial media. The move signals growing regulatory attention toward stablecoin-denominated transfers in Southeast Asia.