Tether and Lugano have pledged up to 5 million Swiss francs (approximately US$6.3 million) to expand their Bitcoin initiative, with the aim of establishing Lugano as a global digital infrastructure hub. The plan builds on Lugano’s existing ecosystem, where more than 400 merchants already accept Bitcoin and USDT payments.
Tether and the Swiss city of Lugano have committed up to CHF 5 million to expand their Bitcoin initiative, aiming to establish Lugano as a global digital infrastructure hub. The funding builds on Lugano’s existing ecosystem, where more than 400 merchants already accept Bitcoin and USDT payments. The partnership signals Lugano’s continued push to integrate crypto payments into everyday commerce and underscores the role of Bitcoin and stablecoins in regional infrastructure.
By broadening merchant acceptance and payments, the plan seeks to position Lugano as a leading international hub for digital finance. This investment highlights the growing collaboration between crypto firms and cities to support crypto friendly ecosystems and merchant networks.)
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