Tether Responds to Myanmar Opposition's Adoption of $USDT as Official Currency

TokenInsight news, Tether has responded on its official website to the adoption of $USDT as the official currency by the opposition government in Myanmar, Tether officials say that the political and financial situation around the world has inspired people to look for a more stable and secure currency to hold, leading many to choose Tether. pegged to the US dollar, Tether represents a a safe and secure way to do so, while also providing a reliable alternative for economies fighting inflation, anti-privacy laws and more. The Republican National Unity Government (NUG) is led by Nobel Peace Prize winner Aung San Suu Kyi, who has been praised by the United States. The party has also been recognised by the European Union. The fact that it has chosen to recognise $USDT as its official currency is a tribute to the strength of the US dollar and its ability to provide a safe haven for the world's citizens. The significance of this moment goes far beyond the potential of cryptocurrencies to provide financial security, but points to the long-term confidence in the dollar of those who have no faith in their own government or national currency.
Source

Stablecoins

In This Article

Related News
Crypto Community Expresses Concern Over Ethena's 27% USDe Yield Crypto Community Expresses Concern Over Ethena's 27% USDe Yield
Decentralized Stablecoin HAI to Launch on Optimism and Airdrop Governance Token Decentralized Stablecoin HAI to Launch on Optimism and Airdrop Governance Token
Frax Finance Launched Frax Bonds (FXB) Token Frax Finance Launched Frax Bonds (FXB) Token
Hong Kong Releases Consultation Paper to Regulate Stablecoins Hong Kong Releases Consultation Paper to Regulate Stablecoins
S&P Global Ratings Assesses Major Stablecoins, Places USDT in the Middle of Ranking S&P Global Ratings Assesses Major Stablecoins, Places USDT in the Middle of Ranking
Latest News More More
4 Hours Ago Injective Introduced CW-404 Standard, Replica of the Experienmental ERC-404 Standard
9 Hours Ago EigenLayer Raised $100M From a16z
10 Hours Ago StarkWare Amended $STRK Token Unlock Schedule Amid Critisism
1 Day Ago Starknet Token Dumped by Nethermind and Airdrop Farmers
1 Day Ago Wormhole to Use AMD's Chip to Facilicate Cross-chain Messaging
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open