BitGo Brings USDT Payments to Bolivian Toyota Dealerships
BitGo Bank & Trust has enabled TOYOSA S.A., Bolivia's exclusive distributor for Toyota, Lexus, and Yamaha, to accept stablecoin payments at its dealerships. The first vehicle purchase using USDT was recorded on September 20, 2025, as part of the broader partnership between BitGo and TOYOSA.
The acceptance program has already expanded beyond Toyota, with USDT payments also live at BYD and Yamaha dealerships operating under the Crown Ltda. distributor by late 2025. This makes three major vehicle brands in a single Latin American market now taking stablecoins at the point of sale.
Bolivia's chronic US dollar shortage has been mitigated by the country's lifting of its ban on crypto transactions in June 2024, leading to a significant increase in crypto-asset payments. The Central Bank of Bolivia reported $294 million in such payments during just the first half of 2025, representing a 630% increase compared to all of 2024.