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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