Bolivia’s VIVA Taps Avalanche for Stablecoin Settlement and Dollar Reserves

Bolivian telecom operator VIVA is working with Iris to use Avalanche for parts of its financial operations, according to CoinDesk. The initiative is led by Jules Miller, a former IBM Blockchain partner, and is designed to support stablecoin-based settlement, dollar reserves and additional financial services. Iris’s technology will be added alongside VIVA’s existing telecom infrastructure rather than replacing it. The project places Avalanche at the center of an effort to connect a telecom business with blockchain-based financial tools in Bolivia. The supplied report does not provide details on the stablecoins involved, the size of the reserves or the timing of deployment. For the Avalanche market, the development highlights a potential enterprise use case involving payments and treasury functions, although the source does not quantify any effect on AVAX demand or network activity.