Tether USDT stablecoin seen on Bolivian store price tags
Tether CEO Paolo Ardoino shared images of Bolivian duty-free goods priced in USDt, suggesting the stablecoin’s growing role as a reference currency in a struggling economy.
Tether CEO Paolo Ardoino has shared photos of goods in a Bolivian airport shop priced in the company’s stablecoin, USDt, suggesting growing unofficial use of the cryptocurrency amid the country’s ailing economy.
In a Saturday X post, Ardoino shared images of items being priced in USDt (USDT) in Bolivia, including sunglasses and sweets. One photo showed a notice to customers that prices were set in USDT:
“Our products are priced in USDT (Tether), a stable cryptocurrency with a reference price informed daily by the Central Bank of Bolivia, based on the rate from Binance (a cryptocurrency trading platform),” the notice read.