USDC Stablecoin Will Bypass Venezuela’s Maduro By US Govt

According to the announcement, Airtm, a Latin American crypto exchange, has teamed up with Circle and the US government to send aid to healthcare workers in Venezuela. Maduro had a difference of opinion about the matter, promptly causing more than 50 countries, the US included, to enact sanctions against the Maduro regime and recognizing Guaidó as the true President of Venezuela.

Now, however, Circle has enacted a response, promising to provide funds to healthcare workers of the country as it suffers in the throes of the COVID-19 pandemic. From there, the Guaidó government can mint USDC using these funds, which can then be sent to the Airtm crypto exchange.

Timeline of Usd-coin