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Lugano's partnership with Tether aims to enhance blockchain and cryptocurrency understanding through training and events, positioning Tether as a leader in the city's crypto initiatives. Tether, co-founded by billionaire Giancarlo Devasini, has also influenced Bitcoin's legal status in El Salvador and is exploring gold-backed tokens. The company's significant profits could potentially address Switzerland's federal budget deficit, though its transparency remains a concern.
The assets of Switzerland's wealthiest individuals have surged to a record 833.5 billion Swiss francs, marking a 4.8% increase after two years of decline. Gérard Wertheimer leads the list with an estimated fortune of 37 to 38 billion francs, despite a decrease in his wealth. Notable newcomers include crypto investors Giancarlo Devasini and Christian Angermayer, reflecting the growing influence of digital assets among the super-rich.
Christian Angermayer
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Tether's Swiss Connection and Its Impact on Global Stablecoin Market
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06:18 06.01.2025
swiss super-rich see asset growth with newcomers from crypto investments
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07:58 29.11.2024
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