Tether will jointly invest 5 million Swiss Francs with the Lugano City Government to promote Phase 2 of the Plan ₿ project

BTC-2,16%

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.

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