A Toyota vehicle has been purchased in Bolivia using Tether (USDT) . Local dealership Toyosa confirmed it accepted the stablecoin for the sale, making this the first recorded transaction of its kind in the country. The payment was facilitated through dealer partnerships that allow cryptocurrency settlement. The buyer transferred USDT, a US dollar-pegged stablecoin, directly as payment for the vehicle. Stablecoin adoption in Latin America has been increasing due to currency volatility and limited access to traditional banking. Bolivia’s central bank maintains a strict stance on cryptocurrency trading, but the purchase demonstrates rising demand for crypto-based settlement in commerce. Bolivia banned the use of decentralized cryptocurrencies in 2014. However, transactions using stablecoins like USDT occur through peer-to-peer markets, often outside the formal financial system. The Toyota sale highlights how stablecoins are entering high-value retail transactions despite the regulatory environment.
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