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Bolivia did not choose crypto. It was cornered into it.
Foreign exchange reserves collapsed from $12.7 billion in 2014 to under $200 million by mid-2025. The government could not supply dollars. The black market stepped in. Then USDT did. When Resolution 082/2024 lifted the decade-long crypto ban, what followed was not speculative adoption. It was structural.
State energy company YPFB began settling fuel import contracts in digital assets. Toyota, BYD, and Yamaha started accepting USDT at dealerships. Daily USDT liquidity on local platforms climbed from $20,000 before the ban was lifted to nearly $1 million. The Central Bank stopped fighting adoption and started publishing reports on it.
Today Oobit officially launches in Bolivia, enabling residents to spend USDT and other digital assets at over 150 million Visa merchants across the world, directly from self-custody wallets.
From Holding USDT to Spending It
Merchant opt-in acceptance is a closed network. Every new point of spend required a separate deal, a separate decision. That model works for headlines. It does not work for a financial system. Bolivia had 630% growth in crypto transactions and nowhere near enough places to spend them.
Oobit removes that constraint. Users pay directly from any self-custody wallet, including MetaMask, Trust Wallet, and Phantom. Oobit's settlement layer converts stablecoins to fiat instantly on regulated Visa rails. The merchant receives local currency in seconds. The user never exits the crypto ecosystem. If a terminal accepts Visa, it accepts Oobit.
What Bolivians Can Now Buy With USDT
The immediate shift is not luxury spending. It is the basics.
Spending data from Oobit's LATAM markets shows where users go first: grocery stores (35%), restaurants (8.8%), fast food (4.1%). Everyday commerce. Not car dealerships.
Bolivia Joins a Proven LATAM Network
Bolivia is the latest market in Oobit's Latin America expansion, following Brazil, Colombia, Argentina, and Chile. In Brazil, active users spend an average of $400 per month across 20 transactions. USDT is the dominant spending token across every market on the platform.
Oobit is backed by Tether, whose USDT already accounts for the majority of crypto payment volume in Bolivia.
About Oobit
Oobit is building the financial system for the stablecoin economy. Backed by Tether, the platform enables people to pay with crypto, directly from the wallets they already use. From everyday payments to real-world spending anywhere Visa is accepted, supported by compliant issuing infrastructure across 80 countries, turning stablecoins and digital assets into a practical global means of exchange.