Toyota, Yamaha, BYD accept Tether in Bolivia as USD reserves shrink
Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bankers sue to overturn OCC trust-bank rule used by crypto firms
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency app...
Circle and Tether find common ground against MiCA’s bank reserve rules
Circle is urging the European Union to open its Markets in Crypto-Assets Regulation (MiCA) to foreign-regulated stablecoins and lo...
The same Fed rate hike can help stablecoins and hurt Bitcoin borrowers
When you hold a dollar stablecoin, somebody else may be earning interest on the assets backing your balance, while a company borro...
China’s crypto ban Is failing to stop a $176 billion P2P economy
China’s underground crypto economy is increasingly shifting toward peer-to-peer stablecoin payments despite Beijing’s longstanding...
Bringin Opens Euro Business Accounts for Bitcoin Companies Across 30 European Countries
Bitcoin Magazine Bringin Opens Euro Business Accounts for Bitcoin Companies Across 30 European Countries Bringin today opened an i...
Aave raises core GHO borrow rate as redemption reserves run thin
Aave's rate hike could stabilize GHO's value but may deter borrowing, impacting liquidity and user strategies in the DeFi ecosyste...