LATEST22d ago

Ubs Joins Five Swiss Banks To Test Swiss Franc Stablecoin

@UBS has joined forces with PostFinance, Sygnum, Raiffeisen, ZKB and BCV to test a Swiss franc-based stablecoin.

The six banks will collaborate with Swiss Stablecoin AG to explore blockchain use cases for the Swiss franc.

The initiative will launch a live digital "sandbox" environment for testing. There is currently no regulated Swiss franc stablecoin in existence.

If successful, it would mark the first blockchain-based monetary system in Switzerland.

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