Connect with us

DeFi

Bolivia Explores Integrating USDT into National Payments System

Published

on

In a notable development for crypto adoption in Latin America, Bolivia is actively evaluating the integration of Tether’s USDT stablecoin into its national payments framework.

Economy Minister José Gabriel Espinoza announced on July 13 that the government is exploring how USDT could operate alongside the boliviano and USD under a regulated structure involving local banks and digital wallets.

Potential Benefits for Emerging Markets

The move reflects growing institutional interest in stablecoins as efficient tools for both domestic and cross-border transactions — particularly in emerging economies facing challenges with traditional financial infrastructure, volatility, and remittances.

If implemented, Bolivia’s approach could serve as a pragmatic model for other nations in the region seeking to leverage stablecoin technology while maintaining regulatory oversight.

Current Status

The initiative remains in the evaluation phase, with no legal tender status granted to USDT at this time. However, the official review signals a forward-thinking stance on crypto infrastructure.

Outlook

Successful integration could enhance financial inclusion, reduce transaction costs, and strengthen Bolivia’s position in the evolving global digital economy. The outcome will be closely watched by other Latin American countries considering similar strategies.

Stay tuned to CoinReporter.io for updates on global stablecoin adoption, regulatory developments in emerging markets, and real-world crypto use cases.

Crypto

Fidelity Moves to Add Staking and Quarterly Payouts to Ethereum ETF

Published

on

Fidelity has filed an amended registration statement seeking to enable staking of the ether held in its spot Ethereum ETF (FETH) and to distribute staking rewards as quarterly cash payments to shareholders, pending SEC approval.

FETH currently holds approximately $898–$900 million in net assets. Under the proposed structure, the fund could stake up to 100% of its ETH under normal market conditions, while retaining sufficient unstaked ether to meet redemptions, expenses, and other liquidity needs. No minimum staking threshold is set.

The amendment updates the fund’s objective to target the Fidelity Ethereum Reference Rate plus staking yield (net of fees). Gross staking rewards would be split with the fund retaining 85% and the remaining 15% allocated to the sponsor, custodians, and node operators (including Blockdaemon, Figment, and Galaxy). Net rewards would first cover fund expenses, with any remainder distributed to shareholders as quarterly cash payouts. The fund may sell some ETH if needed to generate cash for those distributions. Distributions are not guaranteed.

The move follows an IRS safe-harbor framework that allows qualifying crypto trusts to stake assets without losing grantor-trust tax status. Fidelity joins other issuers that have pursued staking features in existing Ethereum products, while some competitors have opted for separate staking-focused vehicles.

Successful approval would mark a meaningful step toward yield-bearing regulated Ethereum products in the U.S., potentially enhancing the competitiveness of spot ETH ETFs by passing through a portion of network staking rewards to shareholders in cash form.

Continue Reading

DeFi

Crypto17 hours ago

Fidelity Moves to Add Staking and Quarterly Payouts to Ethereum ETF

Fidelity has filed an amended registration statement seeking to enable staking of the ether held in its spot Ethereum ETF...

Bitcoin17 hours ago

Goldman Sachs to Acquire NEOS Investments for Up to $2.25 Billion

Goldman Sachs has agreed to acquire NEOS Investments in a cash-and-equity transaction valued at up to $2.25 billion. The deal...

Crypto1 day ago

Binance Wallet Launches Stock Hub to Simplify Discovery of On-Chain Tokenized Stocks

Binance Wallet has introduced Stock Hub, a dedicated discovery and aggregation page designed to make it easier for users to...

Bitcoin1 day ago

Riot Platforms Secures Landmark $9.1 Billion AI Data-Center Deal (Reported with Anthropic)

Bitcoin miner Riot Platforms has signed a 20-year data-center lease for 191 megawatts of IT capacity at its Rockdale, Texas...

DeFi1 day ago

Hyperliquid Sees Record Open Interest Amid RWA Perps Surge, Even as Revenue Declines

Hyperliquid reported record open interest on its perpetuals platform, driven in part by rising real-world asset (RWA) perpetual trading activity....

Bitcoin1 day ago

MoneyGram Expands Crypto-to-Cash Ramps to Solana

MoneyGram has launched MoneyGram Ramps natively on Solana, providing wallets, exchanges, and developers with API access to its global cash...

Bitcoin1 day ago

Indonesia Blockchain Week 2026 Opens in Jakarta

Indonesia Blockchain Week opened at the Jakarta International Convention Center (running through August 13) under the theme “Turning Infrastructure into...

Bitcoin1 day ago

SEC Schedules Open Meeting to Advance “Regulation Crypto”

The U.S. Securities and Exchange Commission has set an open meeting for August 14 to consider proposing rules that would...

Bitcoin1 day ago

Bitcoin and Ethereum Pull Back Ahead of Key U.S. CPI Print

Bitcoin and Ethereum entered a classic pre-data consolidation as traders reduced risk ahead of the July Consumer Price Index report....

Bitcoin3 days ago

Trump Media Unwinds Crypto Treasury Deals and Reports Significant Losses

Trump Media & Technology Group (DJT), the parent company of Truth Social, has moved to unwind key partnerships with Crypto.com,...

Advertisement

Trending