Vivek Ramaswamy, co-chair of DOGE, the US government’s productivity department, made an interesting announcement.
Vivek Ramaswamy shared a post saying, “DOGE and USUAL have reached a strategic agreement.” However, while he was deleting this post, it was stated that his account was stolen.
Chinese crypto journalist Wu Blockchain shared that James Fishback confirmed that Ramaswamy’s X account was hacked and said that he spoke to Vivek.
James Fishback said, “I just spoke to Vivek. His account was hacked. His account was locked. This is a scam.”
“DOGE- government department is pleased to announce a strategic partnership with USUAL, a leading issuer of fiat-backed (RWA) stablecoins. This collaboration aims to leverage cryptocurrency initiatives to advance our mission to reduce the federal fiscal deficit. By integrating innovative financial solutions and improving the efficiency of government operations, we believe this partnership will not only promote fiscal responsibility but also encourage greater financial inclusion,” Vivek Ramaswamy wrote in his since-deleted post.
Following the fake partnership news, the USUAL price rose by up to 14%, but gave back most of its gains after the news was revealed to be fake.
*Not investment advice