LATEST2d 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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