BitGo Bank & Trust powers TOYOSA’s stablecoin payments for Toyota vehicles in Bolivia

Buying a Toyota in Bolivia now works a bit like ordering coffee with Apple Pay, except the currency is Tether’s USDT and the purchase is a Land Cruiser. BitGo Bank & Trust has provided the wallet infrastructure enabling TOYOSA S.A., Bolivia’s exclusive distributor for Toyota, Lexus, and Yamaha, to accept stablecoin payments at its dealerships. The first vehicle purchase using USDT was recorded on September 20, 2025, with the broader partnership officially announced between September 19 and 22. Customers can complete transactions by scanning QR codes at Toyosa and Crown dealerships. How the plumbing works BitGo, which secured a national bank charter from the Office of the Comptroller of the Currency in December 2025, handles institutional custody and settlement for the USDT payments. Towerbank provides the regulated payment processing and fiat integration layer. The acceptance program has already expanded beyond Toyota. By late 2025, USDT payments were also live at BYD and Yamaha dealerships operating under the Crown Ltda. distributor. That’s three major vehicle brands in a single Latin American market now taking stablecoins at the point of sale. Worth noting: despite the headli...