Toyota, BYD, and Yamaha Now Accept USDT Payments in Bolivia, Tether CEO Confirms

Three prominent automakers, Toyota, BYD, and Yamaha, have started accepting USDT payment options in Bolivia, as announced by Tether CEO Paolo ￰0￱ celebrated this milestone in a September 21 X post , where he said USDT is the “ digital dollar ” that’s now serving hundreds of millions of people, particularly in developing economies. Toyota, BYD, Yamaha accepting USDT in Bolivia "Tu vehiculo en dolares digital" USDT is the digital dollar for hundreds of millions in the emerging ￰1￱ — Paolo Ardoino (@paoloardoino) September 21, 2025 The stablecoin adoption announcement comes as Bolivia’s Central Bank (BCB) recorded crypto payment transactions of $294 million during the first six months of 2025, a 630% jump from $46.5 million in 2024.

“Digital Dollar” Strategy, How USDT Payments in Bolivia Started The expansion traces back to the Bolivian resolution to remove the crypto ban , enacted June 25, which gave official status to “virtual assets” and permitted financial institutions to direct client transactions to crypto ￰2￱ Espinoza from the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia’s financial regulator, noted the initiative has enabled the country to facilitate crypto transactions within a regulated ￰3￱ expanded the use of crypto in the public sector on March 13, when President Luis Arce’s cabinet authorized YPFB to conduct crude oil import transactions using either USD or ￰4￱ in October 2024, Bolivia’s Banco Bisa launched custodial services for Tether’s USDT to provide customers with trading capabilities.

Recently, Bolivia’s Central Bank signed a memorandum of understanding with El Salvador’s National Commission of Digital Assets to advance crypto development, viewing it as a “trusted alternative” to traditional currencies. Moreover, Latin America continues to see a surge in crypto payment adoption. Bitso’s recent regional analysis reveals that economic instability and currency weakness across Latin America have transformed stablecoins like USDC and USDT into crucial wealth protection ￰5￱ Crisis Fuels Stablecoin Adoption in Latin America Argentina, which is battling inflation above 100%, has turned to stablecoins as a form of protection against financial ￰6￱ maintained consistent expansion through clear regulations and a dynamic technology ￰7￱ adoption climbed 6% to 1.9 million users , with stablecoins comprising 26% of transactions.), Venezuela (18th), and Argentina (20th).

Bolivian legislator Mariela Baldivieso of the Comunidad Ciudadana party stated that comprehensive cryptocurrency integration could strengthen the region’s economic ￰8￱ suggested that Bolivia’s crypto adoption is now positioning the country among the top five adopters in Latin America, supported by progressive policy reforms. ¡Un gran paso para la adopción de criptoactivos en Bolivia! A partir de este lunes 28 de octubre, estará disponible un nuevo servicio de custodia, compra y venta de ￰9￱ representa un avance significativo hacia la integración de criptomonedas en el país, acercándonos a… ￰10￱ — Mariela Baldivieso (@baldmariela) October 27, 2024 Notably, Bolivia’s USDT payment expansion is not the first time Toyota has pursued a blockchain and cryptocurrency payment ￰11￱ July 2024, Toyota Blockchain Lab outlined plans for an Ethereum ERC-4337-based MOA (Mobility-Oriented Account) system, creating vehicle-specific blockchain identities that could support complete autonomous operation.

Subsequently, the Toyota Group’s finance division announced its intention to launch blockchain-based security token bonds (ST bonds). These Toyota Wallet ST bonds offer exclusive perks to holders who also maintain Toyota Wallet memberships.