Tether Project Weekly Report (0328-0403)

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As part of a partnership with Tether, the southern Swiss city of Lugano plans to have many local businesses accept some cryptocurrencies as "de facto" legal tender. Tether CTO Paolo Ardoino said Thursday that it has partnered with Lugano officials to set up a CHF 3 million fund to encourage the adoption of Bitcoin (BTC), Tether (USDT) and LVGA tokens in shops and businesses across the city. In addition to allowing Lugano residents to pay taxes with crypto, the project will also pay for parking tickets, public services and student tuition. As part of the partnership, Tether said it would create a fund of up to 100 million Swiss francs to help fund blockchain-based startups in the region. Polygon will also act as an infrastructure partner for stablecoin settlements in Lugano. (Cointelegraph)

Web 3: The Future of the Internet World

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• https://www.ittime.com.cn/news/news_55085.shtml

Tether issued an additional 1 billion USDT on the TRON chain

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• https://news.cnyes.com/news/id/4844726

The flexibility of Tether's reserve portfolio increases, and risk appetite tends to be conservative

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• https://new.qq.com/omn/20220328/20220328A08RP000.html

Data: Tether issued more than USD 1.8 billion USDT in March

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• https://www.ccvalue.cn/article/1395014.html

• https://www.bitcoin86.com/qtszb/79538.html