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Tether Responds to Myanmar Adoption of USDT as Official Currency

Political and financial scenarios in regions across the globe have inspired populations to find more stable and secure currencies to hold, leading many to Tether. Pegged to the US dollar, Tether represents a safe and assured way to hold USD on the blockchain while also offering a reliable option for economies combatting inflation, anti-privacy laws, and more.

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 significance of this moment goes far beyond the potentials of cryptocurrency to provide financial security but points to long-standing confidence in the US dollar for those who do not have confidence in their own governments or national currencies.

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