Bolivia and El Salvador Partner to Promote USDT as a Stable Alternative Amid Economic Turmoil

In a significant move to address its ongoing currency crisis, Bolivia's Central Bank has announced a strategic partnership with El Salvador to accelerate cryptocurrency adoption. The collaboration, formalized through an agreement signed by central bank officials from both nations, emphasizes the role of digital assets like USDT as a "viable and reliable alternative" to traditional fiat currencies. The partnership will focus on policy development and intelligence sharing to strengthen crypto infrastructure, leveraging El Salvador's pioneering experience in Bitcoin adoption. This development comes as Bolivia faces severe economic challenges, with its local currency under immense pressure. The embrace of cryptocurrencies, particularly stablecoins such as USDT, highlights a growing trend among nations to explore digital assets as a hedge against inflation and currency instability. As of July 2025, this partnership could set a precedent for other economies grappling with similar crises, further legitimizing cryptocurrencies in the global financial system.

Bolivia Embraces Crypto as 'Reliable Alternative' Amid Currency Crisis

Bolivia's Central Bank has forged a strategic partnership with El Salvador to accelerate cryptocurrency adoption, labeling digital assets as a "viable and reliable alternative" to fiat currencies. The agreement, signed by central bank officials from both nations, focuses on policy development and intelligence sharing to bolster crypto infrastructure.

The MOVE comes as Bolivia grapples with a severe currency crisis, with foreign reserves plummeting 98% since 2014. The country lifted its crypto ban in June 2024, leading to a surge in trading volumes—now exceeding 294 million—and enabling state-owned enterprises like oil company YPFB to accept crypto payments for fuel imports.

El Salvador's pioneering Bitcoin adoption in 2021 provides a regulatory blueprint for Bolivia. The timing is critical, with Bolivia's general election approaching amid mounting economic uncertainty. Stablecoins like USDT are gaining traction, with some retailers already pricing goods in digital currencies.

Stable Raises $28M to Build Tether-Centric Blockchain for Global Payments

Stable, a blockchain developer focused on Tether's USDT stablecoin, secured $28 million in seed funding led by Bitfinex and Hack VC. The round attracted notable participants including Franklin Templeton, Castle Island Ventures, and Tether CEO Paolo Ardoino.

The 'stablechain' aims to revolutionize digital payments by leveraging USDT's stability with fast settlement and low transaction costs. This development follows the GENIUS Act's passage, which establishes regulatory clarity for stablecoins.

"Global payment infrastructure requires transformation," stated Stable CEO Joshua Harding. "Existing systems fail to meet demand for fast, reliable transactions—stablecoins like USDT offer the solution."

The project's 2024 roadmap unfolds in three phases: implementing USDT as the gas token with sub-second blocks, introducing enterprise-grade payment guarantees, and deploying developer tools with performance upgrades.

Ethereum Celebrates 10-Year Milestone Amid Surging Network Activity and Institutional Interest

Ethereum marks its 10th anniversary with record-breaking network activity and surging trading volumes, as the cryptocurrency gains mainstream attention. The ETH price rallied nearly 50% in July, while weekly NFT trading volume surpassed $75 million. Analysts note a shift in investor sentiment—from speculative trading to demand for real-world returns and regulatory compliance.

RI Mining, an AI-powered cloud mining platform, is capitalizing on this trend by offering ETH, XRP, DOGE, and USDT holders a way to convert holdings into passive income. The platform eliminates technical barriers, appealing to a new generation of investors seeking sustainable exposure to digital assets.

Cloud mining emerges as a key growth sector, allowing users to rent remote computing power. Ethereum's decade of innovation in DeFi, NFTs, and programmable money now faces its next test: delivering institutional-grade yield products amid maturing infrastructure.

Sunny Mining's XRP Cloud Contract Aims to Transform Volatility into Stable Returns

Institutional interest in XRP surged as on-chain data revealed a single address acquired 60 million tokens worth $180 million within 24 hours. The transaction underscores growing confidence in XRP's dual role as both a payment rail and yield-bearing asset.

Sunny Mining's new cloud contract product targets holders seeking predictable income, automating daily payouts without hardware requirements. The platform supports multi-currency operations including XRP, BTC, and DOGE, while offering $15 signup incentives to lower participation barriers.

Market observers note the strategic timing as Ripple's ongoing SEC case approaches critical junctures. 'This institutional accumulation suggests sophisticated players are positioning for both utility growth and staking-like rewards,' remarked a Singapore-based crypto fund manager.

Can XRP Overtake Ethereum? Market Dynamics and Key Challenges

XRP's ascent to the third-largest cryptocurrency by market cap in July has reignited debates about its potential to challenge Ethereum's dominance. The asset briefly surpassed Tether's USDT with a $216 billion valuation, marking its highest ever market capitalization. Yet Ethereum's robust performance—a 57% monthly gain versus XRP's 43%—has widened the gap between the two, with ETH's market cap now standing at $467 billion compared to XRP's $187 billion.

The XRP community remains bullish, envisioning a future where the token dethrones Ethereum as the leading altcoin. Achieving this would require XRP's price to more than double, alongside sustained institutional adoption and network upgrades. Market sentiment suggests such a shift hinges on broader crypto market trends and regulatory clarity for both assets.