Tether responded to Myanmar’s use of USDT as its official currency on its official website. Tether officially stated that the political and financial situations around the world have inspired people to find more stable and safe currencies to hold, leading many people to choose Tether. Pegged to the U.S. dollar, Tether represents a safe and reliable way to hold U.S. dollars on the blockchain. At the same time, it also provides a reliable choice for economies that fight against inflation and anti-privacy laws.
The National Unity Government of the Republic (NUG) is led by Nobel Peace Prize winner Aung San Suu Kyi, who has received praise from the United States. The party has also been recognized by the European Union. The fact that it chose to recognize the USDT as the official currency is a tribute to the strength of the U.S. dollar and its ability to provide a safe haven for citizens of the world. The significance of this moment goes far beyond the potential of cryptocurrency to provide financial security, but points to the long-term confidence in the U.S. dollar of those who have no confidence in their government or national currency. Earlier news, Myanmar Aung San Suu Kyi sent the shadow government to use Tether in the anti-junta movement.