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…



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store