Shockingly Weird Crypto Moves in Latin America: Toyota, Tether, and Moneygram Break Boundaries

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Ah, welcome to the latest episode of Latam Insights, where we dive into the cryptic happenings in the Latin American crypto world. This week we have some fascinating and downright hilarious developments: Toyota and Yamaha now happily accept USDT in Bolivia, Tether pulls the plug on its mining escapade in Uruguay, and Moneygram makes its stablecoin-powered debut in Colombia. Grab your popcorn, folks, it’s going to be a wild ride!

Toyota and Yamaha: The Crypto Revolution in Bolivia – USDT All the Way!

Well, look who’s hopping on the stablecoin train! Meet Toyosa, Bolivia’s very own automotive giant, which is now proudly accepting USDT as payment for their vehicles and motorbikes. That’s right, folks – no more cash, just crypto! Toyota, Lexus, Yamaha, and BYD are all ready for the brave new world of blockchain transactions. And let’s not forget that Toyosa’s brilliant plan is backed by the big dogs: Bitgo (providing custody) and Towerbank (doing the transaction processing).

In a world where stablecoins are becoming the payment of choice for those who either don’t trust banks or simply can’t find cash in their pockets, Bolivia might just be the leader of the pack. This move is so groundbreaking, even Toyosa claims it’s the first large-scale implementation of USDT payments in Latin America… and *possibly* in the entire world! 🚗💰 Who needs cash when you’ve got crypto in your wallet?

Tether’s Power Struggles in Uruguay – The Great Exit

Oh dear, Tether, it seems the “Uruguayan dream” has come to an end. After promising to make Uruguay the new mecca of crypto mining, the company is now waving goodbye, packing its bags, and heading out. All because UTE, Uruguay’s local power company, refused to give Tether the sweet, sweet electricity deals they so desperately craved. For those who thought crypto mining was just about computers and cold hard cash – surprise! It’s also about paying your power bill. ⚡️💡

Negotiations started back in 2023, with Tether hoping to avoid the crushing power tolls that made their mining operation less economically viable than a crypto millionaire’s reality show. But, alas, UTE didn’t bite. In 2024, Tether sent a letter warning of the repercussions… and now, it’s all over. In the end, sometimes you just can’t negotiate a better deal, and sometimes, power cuts are just the way things go. Sorry, Tether – maybe try next time with better light bulbs?

Moneygram Gets All Stablecoin-y in Latin America – Can We Send Money with a Smile Now?

And finally, the plot thickens with Moneygram’s new app that includes stablecoins for cross-border transactions. The company that’s been around since forever has decided it’s time to shake things up and make it all about those USDC digital dollars. This new app allows users to send money across borders instantly – no more waiting for the money to “arrive” – and, hold onto your hats, you can actually save in stablecoins. 💸

Moneygram’s new self-custody wallet, powered by Crossmint, allows users to receive, hold, and use stablecoins. Gone are the days when you had to cash out in local currencies. Now, you can keep it all in your digital wallet like the tech-savvy wizard you’ve always dreamed of being. Talk about convenient! Finally, a way to avoid your home currency’s inflation while keeping an eye on your crypto stash. Could it get any easier? I mean, who needs banks when you’ve got stablecoins and instant notifications? 📱💰

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2025-09-22 08:34