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wealth rankings of switzerland's richest families and individuals in 2023

Zurich's Paradeplatz flagship store is valued at 180 million francs, contributing to total assets estimated between 250-300 million. Notable fortunes include the Lemann family at 17-18 billion francs, Andrei Melnichenko at 17-18 billion, and the Bertarelli family at 16-17 billion, with significant investments across various sectors.

Tether CEO discusses stablecoins and regulation at DC Fintech Week

Tether CEO Paolo Ardoino will speak at the DC Fintech Week conference in Washington, D.C., discussing stablecoins and regulation. Tether's USDT, the largest stablecoin, holds a 71% market share of U.S. dollar-backed stablecoins, despite facing criticism over transparency and alleged criminal use. As stablecoins gain institutional importance, the U.S. lags in regulatory clarity, while Europe's Markets in Crypto-Assets regulation is set to take effect by year-end, potentially impacting Tether significantly.
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