Banco Bisa Launches First Stablecoin Custody Service in Bolivia Following Shift in Crypto Regulations
Banco Bisa, a prominent Bolivian bank, has launched the country’s first stablecoin custody service for Tether (USDT), allowing customers to securely buy, sell, and transfer digital assets. This service, endorsed by Bolivia’s financial regulator, marks a major step in Bolivia’s evolving crypto landscape, which has shifted since the nation lifted its ban on digital currencies in 2024. Banco Bisa’s offering aims to facilitate safer cross-border transactions and crypto asset management under a regulated framework. The move highlights Bolivia’s growing openness to cryptocurrency as the country seeks to boost its economy and align with Latin American crypto standards.