Key Notes

Da Nang approved a 36-month pilot allowing USDT-to-VND conversions through Basal Pay under its International Financial Center sandbox authority.

Vietnam's Resolution 05/2025/NQ-CP bans fiat-backed stablecoins nationally, while Resolution 222/2025/QH15 grants Da Nang exemptions for pilot programs.

The partnership will implement Tether's Plan ₿ model, previously deployed in Lugano for municipal cryptocurrency payments and merchant integration.

Tether a nd the People’s Committee of Da Nang City signed a Memorandum of Understanding on Nov. 5 to advance blockchain technology and digital infrastructure in the Vietnamese municipality. The agreement focuses on policy development, educational programs, and peer-to-peer technology integration.

The partnership will support Da Nang in

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