Myanmar’s parallel government The National Unity Government of the Republic (NUG) formed by the followers of jailed leader Aung San Su Kyi announced they would adopt Tether’s USDT as a legal currency for local use. Tether has now come out to commend the government’s decision and said it shows the strength of the United States dollar and its ability to provide a safe haven to citizens of the world. The official release from Tether read:
“The National Unity Government of the Republic (NUG) is led by Nobel Peace Prize winner Aung San Suu Kyi, who has received commendations from the US. The party has also been acknowledged by the European Union. The fact that it has chosen to recognize USDT as an official currency is a commendation to the strength of the US dollar and its ability to provide a safe haven to citizens of the world. “
The stablecoin issuer went on to call the decision a significant movement for the world that goes beyond the potentials of cryptocurrency to provide fi
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