Tether, Lugano to invest 5M Swiss francs in 'Plan ₿' Bitcoin project

Tether and the Swiss city of Lugano have announced an investment of five million Swiss francs (approx. $5.6 million) to advance the second phase of "Plan ₿," a project aimed at building out Bitcoin infrastructure within the city. The two parties initially unveiled the plan in March 2022 with the goal of creating a global hub for digital infrastructure. The second phase involves a broader strategy focused on digital infrastructure, resilience, and long-term technological autonomy.