Crypto Biz: Bolivia Turns to USDT Stablecoin as Dollar Shortage Worsens

Bolivia is moving toward formally recognizing Tether’s USDT stablecoin as part of the national payments system, a response to a deepening shortage of U.S. dollars in the South American country. The development highlights how stablecoins are increasingly serving as a financial workaround in economies facing currency constraints.

According to local reports, Bolivian authorities are exploring regulatory frameworks that would allow the use of USDT in everyday transactions and cross-border payments. The country has experienced a prolonged dollar scarcity that has affected imports, business operations, and individual savings, pushing both citizens and businesses toward digital alternatives.

Meanwhile, the article also examines growing investor scrutiny of Bitcoin miners pivoting toward artificial intelligence computing. Several publicly traded mining firms have announced plans to repurpose their high-performance hardware for AI workloads, a strategy that initially excited markets. However, investors are now asking tougher questions about the revenue potential and capital expenditure requirements of these AI ventures, with some analysts warning that the transition may be more costly and less profitable than anticipated.

The convergence of these two stories — stablecoin adoption in dollar-strained economies and the mining sector’s AI ambitions — reflects the evolving role of cryptocurrency infrastructure beyond simple trading and speculation. Stablecoins are being adopted as real-world payment rails, while mining hardware is finding second lives in the compute-intensive AI sector.

This article was adapted from Cointelegraph. Read the original here.