It is a store located at the Viru Viru International Airport in Santa Cruz.
Thus, the store is aligned with the international standard of valuation and complies with the Bolivian law.
In the midst of the economic crisis of Bolivia, a country in which several dollar exchange rates coexist, the Stable Usdt cryptocurrency, issued by Tether Limited, begins to be used as a account unit in a store. This is Duty Fly, located at Viru Viru International Airport, in Santa Cruz.
In this way, by valuing its products in USDT, the store He found a legal way to change the currency to the real market change and not to the official change, imposed by the Government. It is worth clarifying that this is not explicitly said either by the store or by Tether, but is a logical deduction to explain this behavior.
While 1 USDT (like 1 dollar Blue) It is worth around 16 Bolivians at the time of this publication, the State determines that 1 dollar is equivalent to only 6.86 Bolivians.
Paolo Ardoino, CEO of Tether, shared On platform X images that show the prices of various products in the Duty Fly store expressed in USDT. Among the products are sweets, sun glasses and other items, As can be seen below:
A statement in the store indicates: “Our products are valued in USDT Tether, a stable cryptocurrency with referential price reported daily by the Central Bank of Bolivia, based on the binance contribution. You can make your payment in Bolivians or dollars; the conversion will be made according to the USDT of the day’s price.”
It is worth clarifying that payments in the store can be done in dollars or in Bolivians, but not in USDT that is only used as an account unit.
Ardoino said that in the South American country, “a silent revolutionary change is brewing.” This, since digital dollars “drive daily life, trade and economic stability,” in their opinion.
Usdt, known as the largest stablecoin on the market, has a market capitalization that – as cryptootics has reported – currently exceeds 150,000 million dollars. Its design allows to maintain a parity of 1: 1 with the US dollar, which makes it a Reliable tool for transactions in environments of high economic volatility.
