Cryptocurrencies
Tether Is Now Official Currency for Myanmar’s Anti-Junta Groups
- Shadow government accepts Tether stablecoin for ‘domestic use’
- Group also using a direct lending mechanism to raise funds
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A parallel government led by the supporters of Myanmar’s ousted leader Aung San Suu Kyi recognized Tether as an official currency for local use after the group began fundraising for a campaign that seeks to topple the military regime.