[Zhao Changpeng States His True Net Worth is Around $10 Billion to $30 Billion, External Valuations Significantly Overestimated] Odaily Planet Daily News – In an exclusive interview, Zhao Changpeng stated that external estimates of his net worth exceeding $114 billion are significantly overestimated. He clarified that his actual net worth is approximately $10 billion to $30 billion. Zhao believes that wealth has diminishing marginal utility, noting that $10 million is sufficient to support a comfortable daily life, and amounts beyond that have limited impact on improving personal quality of life. Zhao revealed that after first hearing about Bitcoin in Shanghai in 2013, he spent several months researching it, sold a three-bedroom property, and invested the entire $900,000 proceeds into Bitcoin. Regarding MGX's $2 billion investment deal with Binance, he mentioned that the transaction valued Binance at $75 billion. While he initially hoped to settle the deal in Bitcoin, the UAE-based investors preferred using stablecoins due to concerns over price volatility. In response to claims that Binance mandated settlement in USD1, Zhao denied the allegations, stating that the choice of settlement currency was made independently by MGX. He also mentioned that as long as a stablecoin has good credibility and is unlikely to lose value in the short term, he does not focus too much on the specific type of stablecoin. Zhao Changpeng no longer participates in Binance's daily operations and management, serving only as a passive shareholder. Binance has also withdrawn a lawsuit it previously filed regarding related reports.