USDT Could Accelerate Crypto Adoption in Bolivia as Toyota, BYD and Yamaha Begin Accepting 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.

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.

Source: Paolo Ardoino/X

How large is crypto payment activity in Bolivia?

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.

What role did BitGo and Tether play in the rollout?

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.

Frequently Asked Questions

Can I buy a car with USDT in Bolivia now?

Yes. As of late September 2025, Toyota, BYD and Yamaha dealerships in Bolivia accept USDT for vehicle purchases, with at least one Toyota purchase verified by BitGo. Buyers should confirm payment options and settlement processes directly with the dealer.

How does accepting USDT affect dealers and buyers?

Accepting USDT reduces dependence on limited USD reserves and enables faster cross-border receipts. Dealers gain an alternative settlement mechanism; buyers receive a digital payment option—both parties should consider custody, tax reporting, and exchange procedures.

Is USDT still dominant in the stablecoin market?

Yes. USDT’s market capitalization reached $172.279 billion, accounting for 58.8% of the stablecoin market, according to DefiLlama data. This dominance supports broad merchant acceptance and liquidity for large-value transactions.

Key Takeaways

• Verified merchant acceptance: BitGo verified the first Toyota purchase using USDT on Sept 20, 2025, and Tether shared dealership promotions.
• Rapid adoption: Bolivia reported $294M in crypto payments H1 2025, a 630% year-over-year increase from 2024.
• Stablecoin dominance: USDT holds market leadership with a $172.279B market cap, supporting merchant liquidity and acceptance.

Conclusion

USDT in Bolivia demonstrates a practical shift toward stablecoin payments for high-value commerce, backed by custodial verification and dealership onboarding. Continued regulatory alignment and institutional services will determine how broadly this model spreads across Latin America. For updates, follow official statements from the Central Bank of Bolivia and Tether.