Bolivia is evaluating integrating Tether’s USDt into its national payments system, a move that could mark one of Latin America’s most significant stablecoin adoption initiatives as the country grapples with a persistent shortage of US dollars.Economy and Public Finance Minister Jose Gabriel Espinoza told a press conference on Monday that the government is assessing a regulatory framework that would allow USDT to circulate “as just another currency,” alongside the boliviano and the US dollar. According to the Spanish news outlet CriptoNoticias, the framework is still under review and, if adopted, would recognize USDT for everyday transactions, including payments, savings and trade, without relying exclusively on cash or the traditional banking system.Espinoza said any rollout would require a robust regulatory framework and strong anti-money laundering safeguards because Bolivia remains on the Financial Action Task Force (FATF) grey list, which identifies jurisdictions under increased monitoring for deficiencies in preventing money laundering and terrorist financing.Source: EL DEBERThe proposal is part of Bolivia’s broader embrace of digital assets following the lifting of its longstanding ban on cryptocurrencies in 2024. Since taking office in late 2025, President Rodrigo Paz Pereira’s administration has pledged to integrate digital assets into the formal financial system, paving the way for banks to offer crypto-related products and services, including stablecoin-based accounts.USDT is the world’s largest stablecoin, with a market capitalization exceeding $184 billion, according to CoinMarketCap.Related: USDT wins payments, USDC wins DeFi as stablecoins diverge: DuneDollar shortage fuels stablecoin pushBolivia’s stablecoin initiative comes as the country grapples with a prolonged shortage of US dollars, which are widely used alongside the national currency, the boliviano.As Reuters reported, Bolivia maintained an official exchange rate of 6.86 bolivianos per US dollar for purchases and 6.96 for sales from 2011 until earlier this year, when mounting pressure on foreign exchange reserves forced the government to abandon the long-standing peg. The resulting dollar shortage fueled the expansion of a parallel foreign exchange market, where the dollar traded at a steep premium to the official rate.The widening gap between the official and parallel exchange rates has boosted demand for dollar-denominated alternatives, including stablecoins such as USDT, which have increasingly been used for payments.Bolivia ranked highly in Chainalysis’ 2025 evaluation of crypto adoption across Latin America, with $14.8 billion in total transaction volume over a 12-month period.Related: Crypto Biz: How stablecoins found their niche

Hyundai Motor’s US and Mexican units completed a pilot cross-border treasury transfer using Tether’s USDT stablecoin, settling a $20,000 payment in about seven minutes on the Avalanche blockchain.According to Tether, Hyundai Motor America converted the funds into USDT, transferred the stablecoin to Hyundai Motor Mexico and converted it back into US dollars. The transfer and verification process took about seven minutes, compared with three to four hours or more for a traditional cross-border bank transfer.Tether said the pilot used Axiym’s settlement infrastructure, while Hyundai Card designed the remittance structure and oversaw the regulatory, compliance, accounting and operational requirements needed to support the proof of concept.The pilot was designed to evaluate whether stablecoin-based settlement could be integrated into existing corporate treasury operations without changing governance, compliance or accounting processes. The next phase will expand testing to additional payment corridors and local currency settlements as the companies evaluate broader enterprise treasury workflows.Related: Japan’s SBI to launch yen stablecoin lending with 3% yieldCorporate treasury emerges as key stablecoin use caseCorporate treasury has become an increasingly important focus for stablecoin companies, with firms rolling out products designed to support cross-border payments, liquidity management and intercompany settlement.In April, treasury management software provider Kyriba partnered with Circle to integrate the USDC stablecoin into its enterprise treasury platform. The collaboration allows treasury teams to manage stablecoin balances alongside cash positions, settle eligible cross-border and intercompany payments in near-real time, and access liquidity outside traditional banking hours using existing treasury workflows and approval controls.A Bitso Business report published this month found stablecoin transaction volumes processed on its platform increased 81% year over year in the first half of 2026, driven by demand for real-time settlement, treasury management and cross-border liquidity solutions. More than 60% of new business clients onboarded during the period were financial institutions, including banks and licensed payment providers.Business surveys also point to growing enterprise adoption. A June Paybis report found that 22.5% of surveyed businesses already use stablecoins for international payments or plan to within the next 12 months. Citing McKinsey research, the report said business-to-business transactions accounted for roughly 60% of the estimated $390 billion in global stablecoin payment volume in 2025.The enterprise push comes as the stablecoin market continues to grow. Total stablecoin market capitalization has climbed to about $312.3 billion, up roughly 21.5% from $257.1 billion a year earlier, according to DefiLlama, with Tether’s USDT remaining the largest stablecoin by market value.Source: Defillama Magazine: Robinhood L2 sparks ETH optimism, Saylor ‘muddies waters.’ Hodler’s Digest, July 5-12, 2026

Latest NewsPublishedJul 13, 2026