Bolivia has lifted its ban on cryptocurrency operations, allowing stablecoins to serve as a proxy for the U.S. dollar amid a national dollar shortage. Alvaro Rosenblüth, treasury and exchange manager at Banco de Crédito de Bolivia, announced the policy shift at the Merge São Paulo 2026 event, highlighting the necessity of this move to facilitate remittances and payments. Since the ban was lifted in June 2024, Bolivian banks, including Banco de Crédito de Bolivia, have begun offering USDT accounts to support international transactions. The Economy Minister, Jose Gabriel Espinoza, confirmed that stablecoins are now recognized as a legal tender payment instrument. However, the integration of crypto services faces challenges, particularly in ensuring compliance with regulations to prevent money laundering and terrorist financing.