CandleFocus Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services
2024-10-28
Author: Content Editor
Bolivia's Bisa Bank has become the first private institution in the country to offer a suite of stablecoin services, allowing customers to purchase, sell, and store USDT. The inclusion of the dollar-pegged stablecoin in the bank's platform provides customers with a safe and trusted alternative for managing their assets. Bisa Bank will charge fees ranging from $5 to $15 for stablecoin purchases and nearly $40 for transfers to international accounts. The move comes after Bolivia's central bank unbanned cryptocurrencies in June, leading to a surge in crypto and stablecoin usage. The adoption of stablecoins is expected to continue growing as countries set boundaries on purchasing and managing US dollars.
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