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Myanmar's NUG announces adoption of USDT as official currency
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moneycontrol.comMyanmar’s shadow National Unity Government (NUG), in an unprecedented economic move, announced the recognition of stablecoin Tether (USDT) as its official currency.
This comes days after elected leader Aung San Suu Kyi was sentenced to detention by the junta or the military-ruled government on charges of public incitement and flouting Covid-19 protocols.
NUG’s Finance Minister Tin Tun Naing declared the acceptance of tether, also known as dollar proxy, for domestic purposes and ease and speed of
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