Stablecoin Task Force - Councilman Brian Archie

The City of Niagara Falls, New York has begun to position itself in the forefront of digital asset innovation by a local government.

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. 

Additionally, at the Oct 8th meeting, the  city council voted unanimously to create a stablecoin task force.

While these steps are preliminary in nature, coming closely on the heels of the GENIUS Act having been signed into law, they indicate that both the executive and legislative branches of the local government in Niagara Falls, New York have an open interest in exploring how digital assets might increase economic well-being and development in the city.

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.