USDT in Bolivia is now being accepted by major dealerships; Tether confirmed Toyota, BYD and Yamaha accept USDT, with the first Toyota purchase verified on Sept 20, 2025. This signals growing stablecoin use for commerce amid a sharp rise in Bolivian crypto payments.
First verified USDT car purchase: Toyota bought with USDT on Sept 20, 2025 (verified by BitGo).
Central Bank of Bolivia reported $294M in crypto payments H1 2025, up 630% from 2024.
USDT market cap reached $172.279B, representing 58.8% of the stablecoin market (DefiLlama).
USDT in Bolivia: Tether-backed USDT now accepted at local dealerships; learn how this affects payments and adoption — read the full report.
What is the significance of USDT acceptance in Bolivia?
USDT in Bolivia marks a shift from informal crypto trading to mainstream commercial use, with dealerships accepting the stablecoin to mitigate local US dollar shortages. The move is supported by custody and execution services and reflects a rapid rise in crypto payments recorded by the Central Bank of Bolivia.
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How was the first car purchase using USDT verified?
Crypto security firm BitGo confirmed the first Toyota purchase executed with USDT on 20 September 2025. Tether CEO Paolo Ardoino publicly shared dealership images promoting USDT, and BitGo provided transaction verification and custody support to ensure a compliant, auditable payment flow.
Source: Paolo Ardoino/X
Why are Toyota, BYD and Yamaha accepting USDT?
Dealerships are adopting USDT to provide an alternative payment corridor as Bolivia’s foreign-exchange reserves face constraints. Accepting stablecoins like USDT can facilitate faster settlements and reduce reliance on physical US dollars for cross-border receipts.
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The Central Bank of Bolivia reported $294 million in crypto payments for H1 2025, up from $46.5 million in 2024 — a 630% increase. This surge places Bolivia among the top five adopters in Latin America, according to local legislative statements and adoption indexes.
BitGo provided custodial and transaction verification services for dealer integrations, while Tether coordinated merchant on-boarding and promotional disclosures. The collaboration focused on secure self-custody options and auditable settlement processes for high-value purchases like vehicles.
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