On Oct. 28, Bolivia’s fourth-largest bank, Bisa Bank, launched the first stablecoin service packaging in the country, allowing customers to buy, sell, and custody within a daily transaction limit of 200 to 10,000 USDT. The handling fees range from 5 to 15 US dollars, and international transfer fees are approximately 40 US dollars.
Bolivia’s banking regulator ASFI supports the service, as it provides users with a safe and trustworthy asset management solution. Bisa Bank’s Vice President of Business emphasizes that all transactions must be conducted through the bank’s accounts and customers must complete a strict identity verification process.