From Bitcoin to stablecoins and their contribution to the monetary landscape
the case of Lugano’s Plan ₿
Additional information
Authors
Beretta E.,
Bregy R.,
Zucco G.
Type
Journal Article
Year
2025
Language
English
Abstract
The present contribution explores – for the first time in economic literature – the monetary experiment called Lugano’s Plan ₿ and conducted by the City of Lugano (Switzerland) since March 2022 consisting of a public-private partnership with a global player in the stablecoin market such as Tether. In addition to stimulating a vivacious public debate about payment methods and fostering educational initiatives, the City of Lugano has created LVGA, a local payment token based on blockchain technology, which represents de facto a stablecoin pegged to the Swiss franc. The present case study provides further insights into the local experience of Lugano and might represent an example of “best practices” to be further explored by the economic literature in the future.
Keywords
Complementary currencies, Cryptocurrencies, Lugano’s Plan ₿, Public-private partnership, Stablecoins, Tether
Journal
Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung
Diffusion
License
CC BY
Visibility
Public
Status open access
Gold
