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Lugano After One Year on its Bitcoin and Tether Standard Teth | Crypto World Analysis

Lugano After One Year on its Bitcoin and Tether Standard

Tether
explains what Lugano has done so far to expand Bitcoin and stablecoin adoption as a means of payment. According to Tether’s post, over 150 merchants around Lugano are now accepting Bitcoin, Tether, and LVGA – Lugano’s Swiss-franc pegged stablecoin – for payments. The Plan B Foundation plans to expand acceptance to 2500 more merchants by the end of 2023.

Lugano has also issued the very first blockchain-based municipal bond. The 6-year debt issuance, worth 100 million CHF ($107 million), can be traded directly on the SDX exchange, which is owned by Switzerland’s financial market infrastructure provider. On educationTether hosted a summer school for 86 students from 26 countries to learn about crypto from experts, and provided 500 grants to further their learning. Summer school students were also provided the chance to connect with potential employers at the Plan B job fair, connecting blockchain industry employers with dormant talent.

Source

@CryptoWorldAnalysis