Tether and Lugano Collaborate to Expand Luga Stablecoin
Tether and Lugano are strengthening their collaboration to expand the city’s stablecoin, Luga (LVGA).
- Tether formalizes partnership with 3Achain, led by Lugano
- Tether will host and operate a validator node for 3Achain
- 3Achain combines security, scalability, and decentralization in Lugano’s blockchain
- Tether joins 3Achain to promote adoption of LVGA stablecoin
- Tether’s participation enhances Lugano’s blockchain infrastructure
Tether’s partnership with 3Achain aims to support the growth of Lugano’s blockchain ecosystem and expand the adoption of LVGA stablecoin in the city and the region. Paolo Ardoino, CTO of Tether, emphasizes the importance of scalability and stability in meeting the opportunities presented by Lugano’s growth as a bitcoin and blockchain capital. This collaboration is part of the larger initiative, Plan ₿, which aims to establish Bitcoin, Tether, and LVGA as legal tender currencies in Lugano. The second Plan B Forum is scheduled for October 2023, following the success of the first edition in 2022.
Hot Take: Tether’s collaboration with Lugano and 3Achain demonstrates its commitment to expanding the use of stablecoins and promoting blockchain adoption. By hosting a validator node for 3Achain, Tether plays an active role in supporting Lugano’s blockchain infrastructure and driving the adoption of LVGA stablecoin. This partnership aligns with the vision of Plan ₿ to establish cryptocurrencies as legal tender currencies in Lugano, further solidifying the city’s position as a leader in the bitcoin and blockchain industry.
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