Bolivia moves to recognize USDT amid a dollar shortage, while Bitcoin miners’ AI ambitions face fresh investor scrutiny.
Stablecoins have long been pitched as a faster way to move dollars across borders. In Bolivia, they’re increasingly becoming a way to access dollars in the first place. The country’s recent proposal to recognize Tether’s USDt (USDT) for payments underscores how economic instability is driving adoption in many emerging markets.
Elsewhere, Bitcoin miners are discovering that pivoting to AI infrastructure may unlock new revenue streams, but it doesn’t shield them from investor scrutiny.
Bolivia is considering a regulatory framework that would recognize Tether’s USDT as a payment currency, marking another step in the country’s push to integrate digital assets into its financial system.
Economy and Public Finance Minister Jose Gabriel Espinoza said the proposal would allow USDT to circulate alongside the boliviano and the US dollar for payments and savings. The framework remains under review and would include anti-money laundering safeguards, as Bolivia is still on the Financial Action Task Force’s gray list. The initiative follows the lifting of the country’s crypto ban in 2024 and the new administration’s pledge to expand access to digital asset services.
The proposal comes as Bolivia struggles with a prolonged shortage of US dollars after pressure on foreign exchange reserves forced the government to abandon its long-standing currency peg earlier this year. The resulting gap between the official and parallel exchange rates has increased demand for dollar-denominated alternatives such as USDT, which has become an increasingly popular payment tool in the country.
Investors are increasingly scrutinizing insider stock sales at Bitcoin miners pursuing AI infrastructure strategies as enthusiasm for the sector cools and governance concerns take center stage.
According to Blocksbridge Consulting, executives at TeraWulf, Cipher Digital, Riot Platforms and Core Scientific have disclosed stock sales in recent months, many of them made under prearranged Rule 10b5-1 trading plans. Strategic investors have also trimmed their holdings — including Tether — which reduced its stake in Bitdeer following the company’s AI-driven rally. The shift comes as the TEM AI Infrastructure Growth Index has fallen 16% over the past month.
Blocksbridge said investors are increasingly looking beyond the AI growth story to assess whether the benefits of miners’ strategic pivots will flow to public shareholders.
Most stocks in the 20-company TEM AI Infrastructure Growth Index were down over the past month through July 8. Source: Miner Weekly
CleanSpark shares rallied as much as 22% after the Bitcoin miner signed a 20-year data center lease in Georgia that could generate up to $6.6 billion in contracted revenue, underscoring its push into AI and high-performance computing infrastructure.
The agreement covers a 175-megawatt data center at the company’s Sandersville, Georgia, campus and was signed with an undisclosed investment-grade global technology company. The tenant will install its computing equipment at the site, with phased deliveries expected to begin in the fourth quarter of 2027. If the customer exercises two five-year extension options, the contract’s total value could reach $11.6 billion.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on cointelegraph.com
