Bolivia Embraces Crypto, Aims to Modernize Economy with Stablecoin Integration

Bolivia’s government is integrating cryptocurrencies and stablecoins into the financial system as part of a push to modernize its economy. The initiative comes amidst soaring inflation that has prompted many residents to turn towards stablecoins as alternatives for savings and transactions. Bolivia’s economic minister, Jose Gabriel Espinoza, announced this shift in strategy on Tuesday. )