Bitcoin.com News
Bitcoin.com News|Mar 18, 2025 06:32
🌍 As international trade evolves, emerging markets are innovating to meet their needs! 🇧🇴 Bolivia is now considering crypto for fuel imports due to dollar scarcity, proving that necessity is the mother of innovation. ⛽️ This move could spark interest from others looking to use crypto for similar purposes, addressing the urgent need for fuel access in a struggling population. While not explicitly stated, USDT may play a key role in these transactions, as the Bank of Bolivia has praised stablecoins for facilitating dollar transactions seamlessly. 💵 Using Tether's stablecoin would help YPFB, the state-owned energy company, navigate inflation—an impressive shift for a country that only lifted its crypto purchase ban last year! Reports suggest USDT has already been used in transactions from Venezuela and Russia to expedite oil trade, bypassing sanctions. This could mark one of the first official uses of USDT as a dollar proxy for legitimate business. The potential adoption of crypto in the energy market could transform how transactions are conducted. What are your thoughts on this shift? Let us know! 💬
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads