Bolivia’s Auto Dealers Turn to Tether (USDT) as Dollar Reserves Hit Crisis Point
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- Toyota, Yamaha, and BYD dealers in Bolivia now accept Tether (USDT) for payments.
- Bolivia’s USDT liquidity jumped from $20K to $1M within a year of crypto legalization.
- Dollar shortages push Bolivian businesses to stablecoins, with cars now sold in USDT.
Bolivia’s economic reality is forcing change and it’s showing up on their car lots. With the country running short on U.S. dollars, dealers of Toyota, Yamaha, and BYD are now taking Tether (USDT) for payments. What was once an outright ban on crypto is now giving way to mainstream adoption, with stablecoins stepping in where cash has become scarce.
The rollout comes through Toyosa, the exclusive distributor of these brands in Bolivia, which has introduced QR-code payments powered by Tether and BitGo. For the first time, Bolivians can purchase cars and even pay for spare parts or servicing, directly in USDT. …
Read The Full Article Bolivia’s Auto Dealers Turn to Tether (USDT) as Dollar Reserves Hit Crisis Point On Coin Edition.
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