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
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