03.03.2022

Lugano as an European centre of excellence for the adoption of blockchain technology

The City of Lugano and Tether Operations Limited, the company behind the blockchain-based platform that powers the largest stablecoin by market capitalisation, today announced a collaboration aimed at creating an European centre of excellence for blockchain adoption.

The Memorandum of Understanding (MoU) signed between Lugano and Tether will foster the adoption of blockchain technology at the local level and allow citizens to pay taxes and fees for all services in Bitcoin, Tether or Swiss franc-based stablecoins.

Together, the two partners will work towards the shared goal of increasing the city's blockchain capabilities and promoting Lugano as a new hub for blockchain adoption in the old continent.

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