Tether abandoned its plan to establish a Swiss entity in 2024, with Lugano's mayor attributing the decision to Switzerland's participation in the OECD's global minimum tax system. Tether executives reportedly did not want to assume the related tax burden. Instead, Tether continues its Swiss operations through UBQ Services, a local tech consultancy, where Tether's COO Claudia Lagorio serves on the board. This move reflects the impact of international tax regulations on crypto firms' business strategies.
Tether's Swiss entity effort is the subject, with Pluang market data provided as context. As of Nov 13, 2026 12:51 WIB, out of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell. Notable movers include BNB at Rp11.537.871 with a 1-day change of -5.56% and a buy order activity of 65%, AVAX at Rp147.459 down 5.49% with 65% buy orders, and BCH at Rp3.947.136 down 5.00% with 75% buy orders. The most notable figure is BNB's price at Rp11.537.871.
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