Toyota, BYD, Yamaha Accept USDT Payments Following Bolivia Crypto Ban Lift

Toyota, BYD, and Yamaha have begun accepting USDT stablecoin payments in Bolivia, marking a significant milestone in the adoption of cryptocurrency for high-value transactions in the country. This development follows Bolivia's repeal of its crypto ban in June 2025, which allowed banks and financial institutions to process digital asset transactions under regulatory supervision, resulting in a 630% surge in crypto payments to $294 million in the first half of 2025. The adoption of USDT, described by Tether CEO Paolo Ardoino as the “digital dollar” for emerging economies, offers a stable and secure alternative to volatile local currencies, enhancing financial inclusion and purchasing power. Partnerships with financial institutions like Towerbank and Bitgo ensure secure and efficient transactions, streamlining vehicle purchases through simple QR code payments. The move is seen as a transformative step that could expand cryptocurrency acceptance beyond Bolivia's automotive sector, influencing broader economic and trading dynamics in Latin America. This integration also signals increased confidence in digital currencies as reliable financial instruments amid regional economic challenges.