Bolivia is poised to integrate stablecoins into its banking system, enabling their use as legal tender for savings accounts, credit cards, and loans. This move marks a significant step in the country's financial innovation, aiming to enhance the accessibility and utility of digital currencies within its economy.
In a separate development, Tether has announced the closure of its mining operations in Uruguay. The decision follows unsuccessful negotiations for improved energy tariffs, resulting in the layoff of 30 employees. Meanwhile, the newly launched Libra Trust is set to offer grants to Argentine companies, funded by proceeds from the Libra token launch.
Bolivia to Adopt Stablecoins in Banking; Tether Exits Uruguay
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