Tether in Bolivia: Toyota, Yamaha and BYD now accept Tether (USDT) for payments in Bolivia, enabling businesses to bypass severe US dollar shortages. The move, confirmed by Tether CEO Paolo Ardoino and crypto custodian BitGo, expands stablecoin use for imports, retail and high-value purchases nationwide.
Tether accepted by Toyota, Yamaha and BYD in Bolivia for customer payments.
Bolivian importers use USDT to convert to dollars and pay overseas suppliers, sustaining trade flows.
Bolivia’s FX reserves fell 98% from $12.7B (July 2014) to $171M (Aug 2025); daily USDT liquidity rose from ~$20K to nearly $1M.
Tether in Bolivia: Toyota, Yamaha and BYD accept USDT for payments as businesses use stablecoins to manage a severe dollar shortage — read how this impacts trade and consumers.
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What is Tether in Bolivia?
Tether in Bolivia refers to the growing acceptance and use of the stablecoin USDT by businesses and consumers to facilitate payments and cross-border trade. Companies including Toyota, Yamaha and BYD now accept USDT, helping importers and retailers manage a severe shortage of US dollars.
How are Bolivian businesses using USDT for international trade?
Bolivian importers purchase USDT locally or via offshore accounts, convert stablecoins into US dollars, and pay foreign suppliers. This circular stablecoin economy keeps supply chains moving. TowerBank head of digital assets Gabriel Campa described daily USDT liquidity surging from roughly $20K to nearly $1M in under a year.
Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage.
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Three major international vehicle and goods manufacturers have started accepting Tether (USDT) in Bolivia to navigate collapsing US dollar reserves, marking a major step in local crypto adoption. Tether CEO Paolo Ardoino confirmed the initiative on Sunday, and BitGo reported that the first Toyota purchase with USDT took place on Saturday.
Pictures shared by Paolo Ardoino show dealer signage advertising USDT as an “easy, fast, and safe” payment option for car purchases. BitGo says it partnered with Tether and a Bolivia Toyota dealership to support self-custody and ensure transaction integrity for large purchases.
Bolivia lifted a long-standing crypto ban in June 2024, allowing banks to process Bitcoin and stablecoin transactions. The policy shift opened the door for corporates and state-linked entities to explore crypto for trade and treasury functions.
State-owned oil and gas firm Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) received approval earlier in the year to accept crypto for fuel imports, reflecting a broader trend of leveraging digital assets to mitigate dollar scarcity.
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