Bolivia crypto adoption is surging exponentially! Automotive companies, sensing an opportunity, are circling in with companies such as BYD, Toyota, and Yamaha, now confirming Tether’s USDT as a viable payment option.
This development has occurred as the Latin American nation faces a severe dollar shortage, prompting businesses to seek alternative sources of payment.
Tether’s CEO, Paolo Ardoino, on 21 September 2025, in his post on X, mentioned this development as a milestone for the USDT. He described the stablecoin as a “digital dollar” that is now reaching people underserved by traditional banking mechanisms.
Toyota, BYD, Yamaha accepting USDT in Bolivia
"Tu vehiculo en dolares digital"
USDT is the digital dollar for hundreds of millions in the emerging markets.
Ubiquity. pic.twitter.com/0X0SH3USXX— Paolo Ardoino
(@paoloardoino) September 21, 2025
Toyosa, the exclusive distributor of Toyota, Lexus, Yamaha and BYD in Bolivia, has partnered with the crypto custody firm BitGo and Panama’s Towerbank to enable USDT transactions, with showrooms across the country featuring signage promoting USDT as an “easy, fast and safe” way to purchase cars.
History was made tonight: the first Toyota was purchased in Bolivia with $USDT.
@ToyosaBolivia, and @Tether_to has partnered with BitGo to make stablecoin payments possible, delivering safe custody, stable transactions, and seamless experiences.
Stablecoins are powering a… pic.twitter.com/eFpfCMZTDg
— BitGo (@BitGo) September 20, 2025
Also, Bolivia’s Central Bank (BCB) recorded $294M in crypto payments during the first half of 2025, marking a 630% jump from $46.5M recorded in the same period last year.
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Bolivia’s USDT adoption skyrocketed after the country passed its landmark resolution on 25 June. The resolution officially recognised virtual assets and lifted longstanding bans on cryptocurrencies and other digital assets.
Yvette Espinoza from Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia’s financial regulator, noted the regulatory shift’s contribution in helping the country process crypto transactions within a structured and compliant framework.
Further to this, Bolivia’s crypto adoption in the public sector boomed post 13 March 2025, when President Luis Arce’s cabinet authorised the state-owned oil company, YPFB, to conduct crude oil imports using either US dollars or cryptocurrencies, signalling a willingness to integrate crypto within the country’s trade mechanisms.
The private sector got into the fray as well. Banco Bisa, one of Bolivia’s largest financial institutions, launched custody services for Tether’s USDT in October 2024, offering customers direct access to crypto trading and storage.
More recently, the BCB signed a Memorandum of Understanding (MoU) with EL Salvador’s National Commission of Digital Assets to collaborate on crypto projects, highlighting the region’s view of digital assets as a trusted alternative to traditional currency.
Bolivia’s growing crypto affinity is not a siloed trend either. Across Latin America, crypto payment adoption is surging. According to Bitso, a crypto exchange headquartered in Mexico, economic volatility and currency depreciation have pushed investors to park their funds in stablecoins such as the USDT and the USDC to preserve their wealth.
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Latin American countries battling inflation have turned to stablecoins to hedge against economic volatility. Argentina, battling inflation of over 100% comes to mind. Other countries, such as Brazil, have consistently expanded their crypto holdings.
(Source: Bitso)
Brazil saw its crypto user base grow by 6% to 1.9M users, with stablecoins accounting for 26% of all transactions. This positive outlook towards crypto was also echoed in Colombia, as investors increasingly turned to stablecoins amid restricted USD banking services.
Meanwhile, Mexico continued its role as a regional crypto powerhouse, with Bitcoin and USDT dominating international transfers, especially with the Peso on a 23% year-over-year decline.
According to Chainalysis’s recent Global Crypto Adoption Index, Latin America’s crypto adoption rose from 53% in 2024 to 63% in 2025.
(Source: Chainalysis)
Further, between July 2023 and June 2024, Latin America accounted for 9.1% of the global cryptocurrency value, processing over $415 billion in digital assets.
This is further highlighted in the 2025 global rankings, where Brazil (5th), Venezuela (18th) and Argentina (20th) ranked among the world’s top 20 crypto adopters.
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The post Bolivia Crypto Boom Fueled By USDT Integration In Auto Sales appeared first on 99Bitcoins.
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