Today news
About the same in other media
Myanmar shadow government declares stablecoin USDT an official currency
Reading now: 300
Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use.
As per a report published in Bloomberg, the NUG will accept Tether for its ongoing fundraising campaign seeking to topple the current military regime in Myanmar. The shadow government also raised $9.5 million through the sale of “Spring Revolution Special Treasury Bonds” offered to the Myanmar diaspora across the world. The group aims to raise $1 billion through the sale of NUG-issued bonds.
The NUG Ministry of Planning, Finance, and Investment posted an announcement regarding the move on Facebook on Dec. 13.
The NUG’s decision
Read more on cointelegraph.comAbout this in other media
Dogecoin is better than Bitcoin for payments, Elon Musk declares cointelegraph.com /2 years ago
Myanmar's NUG announces adoption of USDT as official currency moneycontrol.com /2 years ago
Myanmar’s Exiled Government Embraces Tether To Combat Military Regime cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
