USDT-payments are now available in Bolivia at Toyota, BYD, and Yamaha, connecting crypto with the sale of cars and their faster and safer process through BitGo and Towerbank.
In Bolivia, Toyota, BYD, and Yamaha allow paying with USDT to purchase a vehicle or services, which was verified by the Tether CEO, Paolo Ardoino, on X.
Source – X
It is a historic move in bringing the technology of stablecoins to the Bolivian automotive market and is an indication of the increased use of digital dollars in the emerging economies of Latin America.
This is an initiative between ToyoTa S.A. and Crown Ltda., BitGo Trust Company, and Tether, as well as Towerbank. Customers may now buy vehicles, auto parts, and services with the USD -USD-stablecoin of Tether. Trades are completed on a fast and secure QR code-based payment platform supported by institutional custody by BitGo and crypto-friendly operations by Towerbank.
Why the Auto Market of Bolivia Adopts USDT.
USDT is currently used, and this is the case after Bolivia officially recognized virtual assets and removed a crypto ban in 2024.
The transactions of cryptocurrencies in the country increased by 630 percent during the first half of 2025.
The auto market in Bolivia alone will amount to more than 500 million dollars, of which the SUVs will constitute 327.7 million of this amount. This makes this payment option a significant breakthrough in selling high price products.
According to Edwin R. Saavedra, the spokesperson of Toyota S.A., the move was a new way of conducting business to make it easier to purchase vehicles.
He has highlighted that the integration of stablecoins will provide customers with unprecedented speed, security, and financial flexibility, to customers who may not have access to cash.
A strategic partnership drives Unstablecoin payments.
Tether applauded this partnership because it demonstrated the practicality of stablecoins in the auto sector of Latin America.
Tether voice accentuates that USD 0 gives a sure way to pay high-value items, which means that they believe in this financial revolution.
BitGo affirmed it was involved in providing security to all transactions using the finest institutional infrastructure.
The first cryptocurrency-friendly bank in Latin America, Towerbank, claimed that it was proud to make payments across national borders with fast and secure transactions.
This partnership brings together the old and the new worlds of blockchain and business to establish a new norm.
Price quotes are provided to customers in the form of QR codes- scan, pay using USD 0, and finalize purchases fast without the time wastage in banks.
The Economy of Growing Stablecoin Bolivia.
The support of the government of Bolivia in virtual assets and the adoption of crypto as a state oil importer indicate that the government has a national initiative to go digital when it comes to finance.
The collaboration between the digital asset commission and the Bolivian Central Bank is an indicator of a strategic choice to develop crypto.
The rise in the usage of USDT is a wider phenomenon in the emerging markets, where the stablecoins hedge inflation and currency fluctuations. A real-world crypto breakthrough: Tether’s digital dollar now enables major transactions in Bolivia.
Source: https://www.livebitcoinnews.com/toyota-byd-yamaha-spice-bolivia-payments-with-usdt/
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