Monday, September 15, 2025

Myanmar’s Shadow Government Recognizes Tether as Official Currency

Myanmar’s shadow government, which recently came to power after overthrowing the country’s civilian administration, has declared Tether as an official currency, in an effort to raise much-needed funding.

According to a Bloomberg report, the National Unity Government (NUG), which consists of exiles from the previously ousted civilian government and other pro-democracy groups, has announced that the world’s largest stablecoin can be used domestically for trade, services, and payment systems. Back in September, the NUG declared war against the junta, which is led by military leaders; however, the shadow government does not actually occupy a position of power or oversee any territory in Myanmar.

The adoption of Tether marks a significant defiance against Myanmar’s central bank, which last year outlawed all digital currencies. Unlike mainstream cryptocurrencies such as bitcoin and ethereum, Tether is not as volatile, as it is supposedly pegged one-for-one to the US dollar.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Rumble and Tether Ink $775 Million Deal: What Could Go Wrong, Right?

Video-sharing platform and cloud services provider Rumble (NASDAQ: RUM) has announced a $775 million strategic...

Tuesday, December 24, 2024, 11:27:00 AM

Tether Scoops One-Third Of Elemental Altus Royalties For $122M

Tether has bought 78,421,780 common shares of Elemental Altus Royalties (TSXV: ELE) from La Mancha...

Wednesday, June 11, 2025, 09:35:44 AM

Tether Calls Rumors False, Aims to Decrease Commercial Paper Backing To Zero

In a statement released on Wednesday morning, Tether called rumors about its commercial paper backing...

Thursday, June 16, 2022, 02:30:00 PM

Mining Billionaire Predicts ‘Tsunami’ of Crypto Money Moving Into Gold

Billionaire mining executive Pierre Lassonde is predicting a massive shift of cryptocurrency capital into gold...

Tuesday, August 12, 2025, 11:25:00 AM

ISIS Turns To Crypto To Fund Operations Globally

The Islamic State (IS) militant group is increasingly turning to cryptocurrencies like Tether to raise...

Wednesday, March 13, 2024, 03:48:26 PM