Stablecoin & Economic Development
Niagara Falls, NY is exploring digital currency. The city council recently formed a Stablecoin Task Force following the signing of the federal GENIUS Act. The goal is to investigate how a local digital asset (like a stablecoin) could be used to boost economic development, including potentially tokenizing Mayor Restaino's Centennial Park proposal.
Tokenization & Stablecoin possible financing options
Mayor Robert Restaino has indicated an interest in exploring tokenization as a financing option for his Centennial Park proposal, which he has made the centerpiece in his downtown redevelopment plan.
Councilman Brian Archie discusses Stablecoin
The Niagara Falls City Council voted unanimously to create a Stablecoin task force at their October 8th meeting.
With its geographical location on an international border, and its iconic waterfall bringing in millions of annual visitors from around the world, Niagara Falls is preparing to move into a key position for the further development of the digital economy.
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