Tether and the City of Lugano have launched a four-year strategic expansion to transform the Swiss city into a global hub for digital infrastructure.
Tether and City of Lugano Commit $6.4 Million to Plan ₿ Phase II
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Tether and municipal leaders announced the launch of Plan ₿ Phase II on March 3, 2026, in Lugano, Switzerland. This next stage of the partnership follows a successful four-year pilot that integrated BTC, USDT, and LVGA payments into local commerce and public finance.
The renewed strategy commits up to $6.4 million (CHF 5 million) through 2030 to fund infrastructure development, applied research, and specialized technical training. Key initiatives include the advancement of sovereign digital identity systems and the expansion of the PoW.space innovation hub, which has already attracted over 100 fintech companies to the local jurisdiction.
“Phase II focuses on infrastructure, resilience, and local capacity building,” said Paolo Ardoino, CEO of Tether.
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🧭 FAQs
• What is the total financial commitment for Plan ₿ Phase II? Tether and the City of Lugano have committed up to CHF 5 million through 2030.
• How many local merchants in Lugano currently accept digital assets? More than 400 local merchants now accept BTC, USDT, and LVGA for everyday commerce.
• What is the primary focus of the PoW.space facility in Switzerland? The physical hub is designed to anchor peer-to-peer and blockchain innovation within the city.
• Which digital assets are integrated into the city’s payment infrastructure? The municipal ecosystem supports payments using bitcoin, USDT, and the local LVGA token.
