- Bolivia’s cryptocurrency adoption surged 355% last quarter, driven by remittances, cross-border payments, and asset value protection strategies.
- Latin America leads stablecoin usage globally, with USDT playing a central role in international payment transactions and remittances.
Bolivian investors will soon have official access to USDT through regulated channels, following a partnership between EFY and Banco Unión. The agreement, approved by the Financial System Supervision Authority (ASFI), was announced by EFY CEO Andrés Tobón during the Crypto Experience Summit 2025. This arrangement will allow users to buy and manage digital dollars within Bolivia’s formal financial system, aiming to improve transaction security and traceability.
‘In Bolivia, we have seen that growth and adoption of methods for making payments abroad or receiving foreign currency more quickly and at lower costs has intensified in recent times,’ Tobón said, as quoted by La Razón de Bolivia.
Although many Bolivians already use platforms like Binance for cryptocurrency operations, Tobón explained that integrating a regulated channel backed by Banco Unión adds a layer of institutional reliability. The initiative is currently in its technological integration phase and is expected to go live in the coming weeks.
EFY also plans to launch financial education campaigns to explain the correct use of stablecoins, address common mistakes in transfer networks, and help users understand the operational risks. The company sees these measures as essential for supporting safer participation in digital asset markets.
Bolivia has recorded a 355% increase in cryptocurrency adoption in the last quarter, driven by factors such as higher remittance flows, demand for faster international payment methods, and interest in protecting asset value. This growth reflects an evolving regulatory stance that is opening space for supervised digital finance solutions.
At the event, Tobón highlighted that more than $26 billion were transferred via stablecoins in 2024, with a 53% rise in capitalization. USDT plays a central role in this, functioning as a practical tool for users who face currency exchange barriers or limited access to banking.
Latin America remains a leading region for stablecoin adoption, with 71% of international payments involving such assets—above Europe’s 58% and the United States’ 39%. Bolivia’s regulated access to USDT could further strengthen its position in the region’s digital finance framework.
