Bolivia’s Economy Minister José Gabriel Espinoza announced the integration of stablecoins into the country’s banking system, part of a broader plan to modernize the national economy. The move would make Bolivia one of the first countries to embed crypto-based payment tools directly into traditional financial services.
Bolivia's government is moving to adopt cryptocurrencies and stablecoins to address rising inflation, U.S. dollar shortages, and growing global competition. Officials see digital assets as tools to stabilize payments and improve access to foreign currency.
Bolivia trialled Solana's blockchain to host a presidential election ballot, prompting renewed bullish SOL price predictions as markets price in real-world adoption. Analysts say the move highlights Solana's throughput but warn the outcome depends on auditability and regulatory acceptance.