Remember that USD Circle was used by the US Government to bypass Maduro and send money to Venezuela, this was a news that went under the table. A real crypto usage involving geopolitics.
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Year was 2020, and US Government was recognizing Juan Guaido as Venezuela President, over Nicolas Maduro. Trump was US president.
The COVID situation was really bad here in the country and doctors and nurses were (and still are) having a bad time with monthly wages under 100 USD. Yes, under 100 USD.
To support Guaido, US Government with the support of AirTM (Which some of the creators are users here, I have chatted with one of them) approved the exchanged from USD propriety of the Venezuelan Government (frozen funds to Maduro) to USDC to send them to Venezuela using AirTM.
Guaido sent the list of the health workers to AirTM and they pre-opened an account for them.
Each doctor and nurse, got 300 USDC (100 USD per three months).
It worked fine and I personally know people that received the money (Remember I live here), it probably saved lives (I’m not exaggerating, 300 USDC is good money considering monthly minimum wage is 5 USD).
It was really successful
I posted that and it went under the table
Why do I bring this now? I don’t think the US Government / FED would let USDC/Circle die.
https://decrypt.co/49088/us-government-use-usdc-stablecoin-bypass-venezuela-maduro
submitted by /u/WorkingLime
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