Tether has applauded the decision of Myanmar’s parallel government, The National Unity Government to use USDT as an official currency.
Myanmar’s NUG is a shadow government run by the supporters of Nobel Peace Prize winner Aung San Suu Kyi. The NUG announced Tether’s USDT as official currency for local use in an official Facebook post. The finance minister later claimed that USDT would offer much needed trade and transaction efficiency.
In an official blog post, Tether commended the decision taken by the NUG, a government that is recognized by the European Union and has received commendations from the United States.
The NUG’s USDT adoption came as a surprise to many given the controversies surrounding the stablecoin issuer’s reserves. However, from a transaction point of view, USDT is still one of the primary choices on crypto exchanges around the globe.
