BlockBeats News, March 3 — Over the past four years, Tether has partnered with the Lugano city government to promote local merchants’ acceptance of BTC and USDT payments through Plan ₿, integrating digital assets into everyday commerce and popularizing real-world payments. With strategic and technical support from Tether, Lugano has also introduced digital bond issuance and supported some municipal digital asset payments, directly integrating blockchain into public financial infrastructure rather than limiting it to private sector use.
Tether and the city of Lugano jointly commit to investing 5 million Swiss francs to advance the second phase of Plan ₿, positioning Lugano as a global digital infrastructure hub. From 2026 to 2030, Tether will provide infrastructure support to grant Lugano long-term digital sovereignty. Measures include building secure digital asset automated management infrastructure, developing Lugano into a hub for digital trade and commodity flows, promoting digital identity systems with sovereignty and privacy protection, fostering local AI ecosystems and autonomous digital agents, and implementing distributed, modular, and resilient urban digital infrastructure to support next-generation DeFi activities.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
European banking giants join forces: Can the euro stablecoin reshape the global crypto landscape?
The article discusses the background and significance of the Qivalis alliance launching a euro-pegged stablecoin, marking Europe's banking system's response to on-chain finance and aiming to counter the influence of dollar stablecoins. The alliance consists of 12 major banks, emphasizing a robust reserve mechanism to attract institutional investors and promote the application of stablecoins in the digital asset space. The article suggests that future on-chain finance may evolve into a multi-sovereign clearing structure, rather than being centered solely around the US dollar.
PANews3h ago
Tether and Lugano Launch Plan ₿ Phase II to Expand Crypto Integration
Lugano's Phase ₭ Phase II, launched with Tether, aims to integrate cryptocurrency into local infrastructure, building on a successful pilot. A $6.4 million investment will expand services and support digital identity systems, fostering blockchain entrepreneurship.
ICOHOIDER3h ago
Tether makes a strategic investment of $1.5 billion in smart sleep technology company Eight Sleep
Tether Investments has made a strategic investment of $1.5 billion in smart sleep technology company Eight Sleep, aiming to enhance its capabilities and establish a long-term partnership to jointly develop health technology based on the Tether QVAC architecture. This move follows Tether's launch of the QVAC Health personal health platform, designed to integrate health data and improve user experience.
GateNews5h ago
Tether USAT's first reserve proof is out! Over-collateralized with 17.6 million MGB, analyzing the reserve composition structure
Deloitte & Touche has for the first time issued a reserve certification for USAt under Tether, showing an over-collateralization of $17 million in assets, strengthening its US compliance footprint.
Deloitte & Touche's first endorsement of Tether's assets marks a new milestone in USAT transparency
-----------------------------------
The world's leading stablecoin, Tether, has made progress in its pursuit of transparency. One of the Big Four accounting firms, Deloitte & Touche, has completed an assessment of Tether's new compliant stablecoin.
CryptoCity6h ago
Tether reinvests 5 million Swiss Francs to advance Plan ₿ Phase 2, with Lugano, Switzerland, accelerating the development of the Bitcoin city
Tether has renewed the "Plan ₿" agreement with the City of Lugano, launching the second phase from 2026 to 2030, with an investment of 5 million Swiss Francs for digital infrastructure and blockchain applications. The project has already attracted support from over 400 merchants for digital asset payments and has promoted the development of fintech. The second phase will focus on digital asset management, automation systems, and privacy protection, aiming to enhance the city's digital economy competitiveness.
GateNews10h ago
Tether and the city of Lugano, Switzerland, will invest up to $6.3 million to expand the Bitcoin program
PANews March 4 News, according to CoinDesk, Tether and the city of Lugano, Switzerland, have committed up to 5 million Swiss Francs (approximately $6.3 million) to expand their Bitcoin initiative, aiming to make Lugano a global digital infrastructure hub. The plan builds on the existing foundation of over 400 merchants accepting Bitcoin and USDT payments.
GateNews14h ago
