US Government Weaponizes Cryptocurrency against Venezuela — Market Mad House

The US government is using the USD Coin (USDC) stablecoin as a weapon against Venezuela’s government.

“The US Treasury and Federal Reserve releases seized funds to the Guaidó government’s account at a US bank,” a Circle press release claims. “The Guaidó government then uses those funds to mint USDC. The USDC is then sent to Airtm.”

Decrypt claims supporters of Juan Guaidó use Airtm wallets to convert the USD Coins into AirUSD stablecoins. The Guaidó supporters distribute the…

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Daniel G. Jennings

Daniel G. Jennings

4K Followers

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.