Bolivia Accepts USDT: Cryptocurrency's Big Move

Bolivia Accepts USDT: A Major Shift in Cryptocurrency Explosion of Stablecoin Trust: Increased USDT Usage in Bolivia - Stores in Bolivia are starting to list product prices in USDT, reflecting growing confidence in stablecoin. - Tether continues to lead with $132.97 billion in weekly trading volume, capturing 61% of the stablecoin market. In Bolivia, the cryptocurrency market is witnessing a clear transformation. Stablecoin, especially USDT from Tether, is changing how people make daily payments and minimizing risks from national currency fluctuations. Currently, many stores across the country are displaying product prices for items like sunglasses, Milka and Cadbury chocolates in USDT. This trend marks an important turning point in transitioning from fiat currency to stable digital assets. USDT: Payment Transformation Catalyst in Bolivia Paolo Ardoino, Tether's CEO, recently shared on X about USDT's deep integration into daily transactions in Bolivia. The Central Bank of Bolivia has noted many items being listed exclusively in USDT. This signal indicates increasing trust in stablecoin amid economic instability in this South American nation. Cryptocurrency usage continues to develop strongly, with the global market showing recovery signs and increasing blockchain technology adoption. Market Share of Major Cryptocurrencies: USDT Confirms Its Position According to Santiment data, Ethereum leads with over 148 million accounts, followed by Bitcoin with around 55 million. Notably, Dogecoin has nearly 8 million holders, while USDT reaches 7.79 million wallets, demonstrating the widespread distribution of this stablecoin. Expert Opinions: Tether Remains Stable in the Market Artemis CEO Jon Ma noted that while USDC might grow, Tether still dominates depending on broader market contexts. He emphasized the importance of personal assessment when choosing a stablecoin. He shared: "In any case, it's astonishing how profitable Tether is." Thanks to its liquidity advantages and stability, Tether maintains its dominant stablecoin position while continuously generating strong financial indicators. USDT Market Overview: Massive Transactions, Strong Coverage In the first week of June, USDT recorded a trading volume of $132.97 billion, according to Visa Analytics data. Currently, USDT occupies over 61% of the stablecoin market, becoming the primary risk prevention tool in the cryptocurrency market due to high liquidity, solid trust, and global coverage.