National Unity Government which is Myanmar’s shadow government, added the cryptocurrency stablecoin (USDC) as an another option of buying treasury bonds.
NUG started selling the treasury bonds in November last year to raise the revolution funds and accepted Tether (USDT) as one of the payment method to buy the treasury bonds in December last year.
Cryptocurrency becomes legal in Myanmar after NUG’s Finance Minister Tin Tun Naing declaring the acceptance of tether and undermines the crypto ban imposed by the Central Bank of Myanmar in May, 2020.
NUG aimed to raise 1 billion USD by selling its treasury bonds and in Feb 12, 2022, the quantity of the treasury bonds sold was more than 60,000. But they didn’t reveal the total value of the bonds sold.