Bolivia’s cryptocurrency adoption has surged 355% quarter-over-quarter, driven by remittances, cross-border payments, and economic volatility. Latin America leads global stablecoin use, surpassing Europe and the US.
A partnership between EFY and Banco Unión has secured ASFI approval to launch regulated USDT access, enhancing transaction security and institutional credibility. The initiative includes education programs to mitigate risks and aligns with $26B 2024 stablecoin transaction growth globally.
Regulated USDT access is expected to add a critical layer of institutional credibility, particularly in regions with limited banking access. USDT plays a central role in facilitating cross-border transactions and mitigating currency exchange barriers.
Meanwhile, the SEC’s decision on Ripple’s appeal may impact XRP’s long-term value. As investors navigate the market, they should focus on broader trends in global finance, including the rise of stablecoins and digital assets.
The integration of regulated USDT access is a significant development for Bolivia’s cryptocurrency adoption, with potential implications for global finance and the price of XRP.
Source: https://www.ainvest.com/news/bolivia-sees-355-crypto-surge-usdt-integration-gains-regulatory-approval-2508