Bolivian USDT Surge Drives Parallel Dollar Market Volatility

**USDT Surge in Bolivia Sends Parallel Dollar Exchange Rate Soaring** LA PAZ, BOLIVIA — The price of USDT, a cryptocurrency pegged to the US dollar, has skyrocketed in Bolivia, causing a ripple effect in the parallel foreign exchange market. On Thursday, May 16th, 2025, the USDT reached nearly 20 Bolivianos, significantly increasing the parallel dollar exchange rate. This sharp increase follows a relatively low rate of 15.80 Bolivianos just a few days prior. "Many speculate," explained a local currency exchange trader. "We receive the dollar at the current price." This reliance on the USDT rate by traders highlights the growing influence of cryptocurrencies on the Bolivian economy. The rapid fluctuation underscores the volatility of the parallel market and its sensitivity to changes in the cryptocurrency market. The situation is being closely monitored by economists and financial analysts.

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