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Polish Town Mińsk Mazowiecki Launches MinsCoin Stablecoin for Use at Local Businesses
The Polish town of Mińsk Mazowiecki has announced the launch of MinsCoin, a stablecoin that can be spent at local businesses. The stablecoin was launched alongside UrbanChange, a platform for launching USDC-backed stablecoins for use in local cities. According to the protocol, this is one of “Europe’s first-ever blockchain-based LocalCoin programs”.
UrbanChange co-founder Micheal Mazur revealed that as many as 10 local businesses will accept MinsCoin payments at launch, with more expected to come on board. The token is designed to serve as “shopper-friendly money” and will circulate within Mińsk Mazowiecki.
“We’re building an innovative blockchain hub in Mińsk Mazowiecki,” the city’s mayor Marcin Jakubowski said. “UrbanChange is a major part of our plans, with its ability to engage our community and reach our goals in the fields of sustainability, health and wellbei
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