• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
1 August Friday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $115,744.26 ↓ -1.85%
Ethereum Ethereum (ETH) $3,651.86 ↓ -3.17%
XRP XRP (XRP) $3.03 ↓ -1.88%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $772.18 ↓ -2.15%
Solana Solana (SOL) $169.20 ↓ -4.01%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.21 ↓ -2.70%
TRON TRON (TRX) $0.33 ↑ 0.20%
Cardano Cardano (ADA) $0.73 ↓ -3.31%
Hyperliquid Hyperliquid (HYPE) $39.34 ↓ -9.39%
Stellar Stellar (XLM) $0.40 ↓ -2.69%
Sui Sui (SUI) $3.54 ↓ -5.53%
Chainlink Chainlink (LINK) $16.69 ↓ -3.92%
Bitcoin Cash Bitcoin Cash (BCH) $558.07 ↓ -2.99%
Hedera Hedera (HBAR) $0.25 ↓ -5.96%
Avalanche Avalanche (AVAX) $22.26 ↓ -2.76%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Toncoin Toncoin (TON) $3.54 ↑ 1.07%
UNUS SED LEO UNUS SED LEO (LEO) $8.94 ↓ -0.18%
Litecoin Litecoin (LTC) $106.68 ↓ -2.17%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -2.45%
Polkadot Polkadot (DOT) $3.65 ↓ -2.69%
Uniswap Uniswap (UNI) $9.20 ↓ -3.76%
Monero Monero (XMR) $302.69 ↓ -1.11%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.35 ↓ -3.08%
Pepe Pepe (PEPE) $0.00 ↓ -3.47%
Cronos Cronos (CRO) $0.14 ↓ -3.83%
Aave Aave (AAVE) $260.20 ↓ -2.39%
Ethena Ethena (ENA) $0.62 ↓ -1.29%
Bittensor Bittensor (TAO) $353.48 ↓ -3.23%
Pi Pi (PI) $0.41 ↓ -1.67%
NEAR Protocol NEAR Protocol (NEAR) $2.50 ↓ -3.66%
Ethereum Classic Ethereum Classic (ETC) $20.27 ↓ -4.35%
Ondo Ondo (ONDO) $0.92 ↓ -2.81%
Aptos Aptos (APT) $4.30 ↓ -2.49%
OKB OKB (OKB) $46.82 ↓ -1.13%
Internet Computer Internet Computer (ICP) $5.17 ↓ -2.78%
Mantle Mantle (MNT) $0.72 ↓ -4.67%
Kaspa Kaspa (KAS) $0.09 ↓ -4.35%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.00%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -5.58%
Bonk Bonk (BONK) $0.00 ↓ -3.47%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.20 ↓ -2.89%
Algorand Algorand (ALGO) $0.24 ↓ -4.62%
GateToken GateToken (GT) $17.04 ↓ -1.86%
VeChain VeChain (VET) $0.02 ↓ -0.76%
Arbitrum Arbitrum (ARB) $0.39 ↓ -3.56%
Render Render (RENDER) $3.63 ↓ -5.34%
Worldcoin Worldcoin (WLD) $0.99 ↓ -5.37%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $8.89 ↓ -2.47%
Story Story (IP) $6.01 ↓ -1.02%
Sky Sky (SKY) $0.08 ↓ -3.55%
Sei Sei (SEI) $0.29 ↓ -3.81%
Cosmos Cosmos (ATOM) $4.25 ↓ -1.06%
Flare Flare (FLR) $0.02 ↓ -3.90%
Filecoin Filecoin (FIL) $2.36 ↓ -3.00%
XDC Network XDC Network (XDC) $0.10 ↑ 0.12%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.66 ↓ -2.17%
SPX6900 SPX6900 (SPX) $1.65 ↓ -8.82%
Jupiter Jupiter (JUP) $0.48 ↓ -4.85%
Four Four (FORM) $3.80 ↓ -0.03%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
KuCoin Token KuCoin Token (KCS) $10.75 ↓ -5.43%
Quant Quant (QNT) $113.14 ↓ -4.16%
Injective Injective (INJ) $13.19 ↓ -4.78%
Stacks Stacks (STX) $0.71 ↓ -4.52%
Curve DAO Token Curve DAO Token (CRV) $0.91 ↓ -8.39%
Celestia Celestia (TIA) $1.67 ↓ -4.08%
Optimism Optimism (OP) $0.66 ↓ -3.06%
Conflux Conflux (CFX) $0.20 ↓ -0.45%
FLOKI FLOKI (FLOKI) $0.00 ↓ -2.61%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -0.54%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Fartcoin Fartcoin (FARTCOIN) $1.01 ↑ 0.59%
The Graph The Graph (GRT) $0.09 ↓ -5.13%
Immutable Immutable (IMX) $0.51 ↓ -4.91%
Ethereum Name Service Ethereum Name Service (ENS) $26.14 ↓ -5.15%
PAX Gold PAX Gold (PAXG) $3,343.58 ↑ 1.27%
PancakeSwap PancakeSwap (CAKE) $2.65 ↓ -4.78%
dogwifhat dogwifhat (WIF) $0.91 ↓ -3.26%
Sonic Sonic (S) $0.31 ↓ -4.51%
Kaia Kaia (KAIA) $0.15 ↓ -4.61%
Lido DAO Lido DAO (LDO) $0.94 ↓ -4.37%
Nexo Nexo (NEXO) $1.30 ↓ -2.02%
Tether Gold Tether Gold (XAUt) $3,345.04 ↑ 1.38%
Tezos Tezos (XTZ) $0.78 ↓ -3.23%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.24 ↓ -6.23%
Vaulta Vaulta (A) $0.51 ↓ -2.85%
Theta Network Theta Network (THETA) $0.78 ↓ -5.72%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.15%
IOTA IOTA (IOTA) $0.19 ↓ -4.37%
Raydium Raydium (RAY) $2.71 ↓ -5.66%
Gala Gala (GALA) $0.02 ↓ -3.06%
The Sandbox The Sandbox (SAND) $0.27 ↓ -4.59%
Aerodrome Finance Aerodrome Finance (AERO) $0.79 ↓ -4.23%
Pendle Pendle (PENDLE) $4.02 ↓ -8.72%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↓ -3.81%
Pyth Network Pyth Network (PYTH) $0.11 ↓ -3.89%
Bitcoin Bitcoin (BTC) $115,744.26 ↓ -1.85%
Ethereum Ethereum (ETH) $3,651.86 ↓ -3.17%
XRP XRP (XRP) $3.03 ↓ -1.88%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $772.18 ↓ -2.15%
Solana Solana (SOL) $169.20 ↓ -4.01%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.21 ↓ -2.70%
TRON TRON (TRX) $0.33 ↑ 0.20%
Cardano Cardano (ADA) $0.73 ↓ -3.31%
Hyperliquid Hyperliquid (HYPE) $39.34 ↓ -9.39%
Stellar Stellar (XLM) $0.40 ↓ -2.69%
Sui Sui (SUI) $3.54 ↓ -5.53%
Chainlink Chainlink (LINK) $16.69 ↓ -3.92%
Bitcoin Cash Bitcoin Cash (BCH) $558.07 ↓ -2.99%
Hedera Hedera (HBAR) $0.25 ↓ -5.96%
Avalanche Avalanche (AVAX) $22.26 ↓ -2.76%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Toncoin Toncoin (TON) $3.54 ↑ 1.07%
UNUS SED LEO UNUS SED LEO (LEO) $8.94 ↓ -0.18%
Litecoin Litecoin (LTC) $106.68 ↓ -2.17%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -2.45%
Polkadot Polkadot (DOT) $3.65 ↓ -2.69%
Uniswap Uniswap (UNI) $9.20 ↓ -3.76%
Monero Monero (XMR) $302.69 ↓ -1.11%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.35 ↓ -3.08%
Pepe Pepe (PEPE) $0.00 ↓ -3.47%
Cronos Cronos (CRO) $0.14 ↓ -3.83%
Aave Aave (AAVE) $260.20 ↓ -2.39%
Ethena Ethena (ENA) $0.62 ↓ -1.29%
Bittensor Bittensor (TAO) $353.48 ↓ -3.23%
Pi Pi (PI) $0.41 ↓ -1.67%
NEAR Protocol NEAR Protocol (NEAR) $2.50 ↓ -3.66%
Ethereum Classic Ethereum Classic (ETC) $20.27 ↓ -4.35%
Ondo Ondo (ONDO) $0.92 ↓ -2.81%
Aptos Aptos (APT) $4.30 ↓ -2.49%
OKB OKB (OKB) $46.82 ↓ -1.13%
Internet Computer Internet Computer (ICP) $5.17 ↓ -2.78%
Mantle Mantle (MNT) $0.72 ↓ -4.67%
Kaspa Kaspa (KAS) $0.09 ↓ -4.35%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.00%
Pudgy Penguins Pudgy Penguins (PENGU) $0.03 ↓ -5.58%
Bonk Bonk (BONK) $0.00 ↓ -3.47%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.20 ↓ -2.89%
Algorand Algorand (ALGO) $0.24 ↓ -4.62%
GateToken GateToken (GT) $17.04 ↓ -1.86%
VeChain VeChain (VET) $0.02 ↓ -0.76%
Arbitrum Arbitrum (ARB) $0.39 ↓ -3.56%
Render Render (RENDER) $3.63 ↓ -5.34%
Worldcoin Worldcoin (WLD) $0.99 ↓ -5.37%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $8.89 ↓ -2.47%
Story Story (IP) $6.01 ↓ -1.02%
Sky Sky (SKY) $0.08 ↓ -3.55%
Sei Sei (SEI) $0.29 ↓ -3.81%
Cosmos Cosmos (ATOM) $4.25 ↓ -1.06%
Flare Flare (FLR) $0.02 ↓ -3.90%
Filecoin Filecoin (FIL) $2.36 ↓ -3.00%
XDC Network XDC Network (XDC) $0.10 ↑ 0.12%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.66 ↓ -2.17%
SPX6900 SPX6900 (SPX) $1.65 ↓ -8.82%
Jupiter Jupiter (JUP) $0.48 ↓ -4.85%
Four Four (FORM) $3.80 ↓ -0.03%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
KuCoin Token KuCoin Token (KCS) $10.75 ↓ -5.43%
Quant Quant (QNT) $113.14 ↓ -4.16%
Injective Injective (INJ) $13.19 ↓ -4.78%
Stacks Stacks (STX) $0.71 ↓ -4.52%
Curve DAO Token Curve DAO Token (CRV) $0.91 ↓ -8.39%
Celestia Celestia (TIA) $1.67 ↓ -4.08%
Optimism Optimism (OP) $0.66 ↓ -3.06%
Conflux Conflux (CFX) $0.20 ↓ -0.45%
FLOKI FLOKI (FLOKI) $0.00 ↓ -2.61%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -0.54%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.01%
Fartcoin Fartcoin (FARTCOIN) $1.01 ↑ 0.59%
The Graph The Graph (GRT) $0.09 ↓ -5.13%
Immutable Immutable (IMX) $0.51 ↓ -4.91%
Ethereum Name Service Ethereum Name Service (ENS) $26.14 ↓ -5.15%
PAX Gold PAX Gold (PAXG) $3,343.58 ↑ 1.27%
PancakeSwap PancakeSwap (CAKE) $2.65 ↓ -4.78%
dogwifhat dogwifhat (WIF) $0.91 ↓ -3.26%
Sonic Sonic (S) $0.31 ↓ -4.51%
Kaia Kaia (KAIA) $0.15 ↓ -4.61%
Lido DAO Lido DAO (LDO) $0.94 ↓ -4.37%
Nexo Nexo (NEXO) $1.30 ↓ -2.02%
Tether Gold Tether Gold (XAUt) $3,345.04 ↑ 1.38%
Tezos Tezos (XTZ) $0.78 ↓ -3.23%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.24 ↓ -6.23%
Vaulta Vaulta (A) $0.51 ↓ -2.85%
Theta Network Theta Network (THETA) $0.78 ↓ -5.72%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.15%
IOTA IOTA (IOTA) $0.19 ↓ -4.37%
Raydium Raydium (RAY) $2.71 ↓ -5.66%
Gala Gala (GALA) $0.02 ↓ -3.06%
The Sandbox The Sandbox (SAND) $0.27 ↓ -4.59%
Aerodrome Finance Aerodrome Finance (AERO) $0.79 ↓ -4.23%
Pendle Pendle (PENDLE) $4.02 ↓ -8.72%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↓ -3.81%
Pyth Network Pyth Network (PYTH) $0.11 ↓ -3.89%
Home Cryptocurrency

Tether Soars as Bisa Bank Launches USDT Services in Bolivia

Tom Nyarunda by Tom Nyarunda
28 October 2024
in Cryptocurrency, News, Politics
Reading Time: 3 mins read
0
USDT services in Bolivia

Tether Soars as Bisa Bank Launches USDT Services in Bolivia

The introduction of USDT services in Bolivia by Bisa Bank will benefit stablecoin Tether as the country tries to position itself as a market leader in Latin America. Cryptocurrency enthusiasts will benefit greatly from the emerging local crypto-friendly environment created by the country’s central bank.

22ccc

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network
    • XRP Price Analysis: Will $2.94 Support Hold After 8% Drop?
  • Tangible Surge in Crypto Adoption
  • Stablecoin Adoption in Bolivia Taking Root
  • Conclusion

YOU MAY BE INTERESTED

Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network

Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network

1 August 2025
XRP price analysis

XRP Price Analysis: Will $2.94 Support Hold After 8% Drop?

1 August 2025

Stablecoin adoption in Bolivia is poised to grow after the president of the Central Bank of Bolivia recently praised cryptocurrencies as a viable payment alternative, calling stablecoins a “dollar proxy.” The proclamation signalled a change of stance regarding digital currencies after the country lifted a blanket ban on their use within its financial system. Central Bank of Bolivia President Edwin Rojas Ulo also hinted at the possibility that the introduction of Bitcoin and other cryptos would be potentially beneficial to the country’s payment systems.

Massive Boost for Stablecoin Tether Gets as Bisa Bank introduces USDT Services in Bolivia

 

Tangible Surge in Crypto Adoption

Commenting on the introduction of USDT services in Bolivia, the president of the country’s banking system regulator, Yvette Espinoza, observed that the launch of the new service would “allow clients to carry out various operations safely, reducing the risk of unsafe interactions in the cryptocurrency market.” Bisa Bank customers will pay between $5 and $15 for USDT purchases between 200 and 10,000 daily, with international transfers costing at least $40, which rates are better compared to what the market currently offers. According to Bisa Bank Vice President Franco Urguidi, the ban has created a secure platform from which the USDT services in Bolivia will be offered via stablecoin USDT.

 

There has been a tangible surge in cryptocurrency adoption since the Bolivian government lifted a prohibition on using digital currencies last June. A recent report by the Central Bank of Bolivia showed that trade volumes increased over a hundredfold on average three months immediately after the ban was lifted. The numbers rose to $15.6 million between July and September 2024, compared to $7.6 million on average between January 2023 and June 2024.

ADVERTISEMENT

USDT services in Bolivia

Stablecoin Adoption in Bolivia Taking Root

Without offering the exact numbers associated with the different cryptocurrency tokens, the report further noted that the total volumes in the last three months surged to $46.9 million to surpass the cumulative volumes of the earlier six months. However, the report pointed out that most of the operations involved the use of stablecoins Tether, a clear indication that stablecoin adoption in Bolivia was taking root. According to the Central Bank, the average number of operations involving USDT services in Bolivia during the last three months grew from 155,300 to 374,000, a 141% increase during the period. The operations recorded in the report totalled 1,123,000, which surpassed the 932,000 registered operations between January 2024 and June 2024.

Before the lifting of the ban that has seemingly upped the rate of stablecoin adoption in Bolivia, the country was totally closed off to any kind of cryptocurrency trading. However, only three months following the change, reports indicate that at least $15.6 million is being traded monthly and mostly in stablecoins.

The President of Bolivia’s central bank has asserted that the authorities are paving the way to facilitate the use of crypto in the country, and it may appear like the country is catching on fast. Moreover, in addition to Bisa Bank, the Central Bank report shows that at least six other institutions are preparing to offer USDT service in Bolivia, pointing to the presence of a population that seems eager to take advantage of the emerging trend, especially in relation to cross-border payments.

Conclusion

It is worth noting that while crypto adoption is high within Latin America, where El Salvador leads the way after adopting Bitcoin as legal tender in 2021, stablecoin adoption in Bolivia points to a different kind of wave. Meanwhile, other Latin American economies like Brazil and Argentina seem to be taking a cautious approach.

The decision by Bisa Bank to introduce USDT services in Bolivia to adopt cryptocurrency use could eventually become a blueprint that other nations facing economic challenges could end up following as more people become aware of cryptocurrencies and stablecoins. While stablecoins have their pros and cons, it looks like the introduction of USDT services in Bolivia is pushing the country full steam into the emerging world of cryptocurrencies.

Tags: BoliviaLATAMStablecoin USDTUSDT services
Previous Post

Green Light for Crypto Exchanges in Hong Kong: Full Licensing on the Way

Next Post

Quant Set the Standard, Qubetics Aims to Redefine It! A 93,800% ROI Potential to Rewrite Your Investment Story

Tom Nyarunda

Tom Nyarunda

Tom Nyarunda is a writer with in-depth knowledge of blockchain, cryptocurrency, NFTs, and SaaS. Based in Kenya, Tom has devoted his time to the study of Bitcoin and cryptocurrency, as he believes them to be incorruptible products of the future.

SIMILAR NEWS

Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network
News

Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network

1 August 2025
XRP price analysis
News

XRP Price Analysis: Will $2.94 Support Hold After 8% Drop?

1 August 2025
Coinbase stock
News

Coinbase Stock Drops 9% After Q2 Revenue Miss: Analysts Still See Upside

1 August 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Crypto Heist on a National Scale: Inside Russia’s Exploding Illegal Mining Network
  • XRP Price Analysis: Will $2.94 Support Hold After 8% Drop?
  • Coinbase Stock Drops 9% After Q2 Revenue Miss: Analysts Still See Upside
  • Early Buyers Won With Brett – MoonBull Is the Top Meme Coin to Watch, Giving Deja Vu
  • Turbo Got Big, MoonBull Can Get Massive – Get in Before This 1000x Crypto Whitelist Vanishes

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English