Paolo Ardoino, the CEO of stablecoin issuing company Tether (CRYPTO: USDT), revealed on Sunday that major automobile companies have begun accepting USDT payments in Bolivia.
Tether CEO Invokes ‘Digital Dollar’
In an X post, Ardoino said that Toyota Motor Corp. (NYSE:TM), BYD (OTC:BYDDY) and Yamaha Motor (OTC:YAMHF) dealerships in the South American nation are accepting USDT, the world’s largest stablecoin by market capitalization
He shared pictures from the showrooms, where posters displayed the message “Tu vehículo en dólares digital,” which translates to “Your vehicle in digital dollars.”
“USDT is the digital dollar for hundreds of millions in the emerging markets. Ubiquity,” Ardoino said.