Crypto Biz: When dollars disappear, stablecoins step in
Bolivia moves to recognize USDT amid a dollar shortage, while Bitcoin miners’ AI ambitions face fresh investor scrutiny.
Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adoption in many emerging markets.
Elsewhere, Bitcoin miners are discovering that pivoting to AI infrastructure may unlock new revenue streams, but it doesn’t shield them from investor scrutiny.
Bolivia is considering a regulatory framework that would recognize Tether’s USDT as a payment currency, marking another step in the country’s push to integrate digital assets into its financial system.