Tether unveiled a statue of Satoshi Nakamoto at the Plan ₿ platform in Lugano, Switzerland.

The world's largest stablecoin issuer, Tether, has joined hands with officials in the Swiss city of Lugano to unveil a new statue of pseudo-Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative.

According to a press release by Tether, the statue of Satoshi Nakamoto embodies the mystery and creativity of the creator of Bitcoin, honoring his vision and legacy.

Teter unveiled the statue of Satoshi Nakamoto in Lugano

The statue was designed by artist Valentina Picozzi in a way that plays with the viewer's perspective. When the audience changes their position forward or backward, it gradually disappears, and if viewed from the sides, a person focused on the laptop shows the image completely. The image marks Nakamoto's disappearance from the public eye after the decentralized financial system made way.

“This artwork serves as a reminder of the lasting impact of Satoshi's vision, which inspires us to continue pushing the boundaries of creative and financial freedom. “It is a great honor to announce this honor to a visionary who has transformed the world of finance and contributed millions worldwide,” said Tether CEO Paolo Ardoino.

Teter said the statue serves as a reminder that the principles of decentralization and financial sovereignty will continue to thrive, and that Nakamoto's identity has been kept secret. It sits in front of Villa Ciani in Lugano.

Accepting Crypto payments

Since Lugano launched the Plan ₿ initiative in partnership with Tether two years ago, the city has made great strides in accepting Bitcoin. The initiative allows residents to pay public service fees and taxes in bitcoin (BTC), Tether (USDT) and Lugano's own Swiss-franc peg stoticoin (LVGA), recognizing the assets as legal tender.

The city hosts the Plan Forum every year, bringing together blockchain industry leaders, government officials and Bitcoin enthusiasts to discuss the future of cryptocurrencies and decentralized finance.

Michele Foletti, Mayor of Lugano, said: “Lugano is fast becoming a leading center for digital innovation, and this statue honors Satoshi Nakamoto but embodies the forward-thinking spirit that drives our city. We are proud to host the Plan Forum and support the development of blockchain technology and digital assets, and are thrilled to now be home to a statue honoring the creator of Bitcoin.

In the year In December 2023, Lugano will fully accept payment QR codes through selected mobile wallets, incorporating technology that allows residents to manage their expenses.