Bolivia has experienced a substantial increase in cryptocurrency usage amid rising inflation and economic instability. The Central Bank of Bolivia reported a 630% surge in crypto transactions during the first half of 2025, reaching a total value of $294 million. This growth follows the lifting of a crypto ban in June 2024, with Bitcoin and Tether becoming popular among small businesses and for remittances. The Central Bank has encouraged the use of Bitcoin for payments as a means to stabilize financial transactions in the country. The surge in crypto adoption reflects broader economic challenges, including inflation and shortages of the US dollar, prompting individuals and businesses to turn to digital currencies for financial stability.