Six Swiss banks join forces to build a unified digital franc
CoinDesk·2h ago·Positivity
What Happened
Six Swiss banks including UBS, PostFinance, and Sygnum partnered with Swiss Stablecoin AG to test a Swiss franc-pegged stablecoin. The consortium established a sandbox environment to trial blockchain-based payments through 2026. The project simulates real payment flows with controlled user limits and transaction volumes. Banks will assess how the stablecoin could improve settlement speed and connect blockchain applications with traditional money.
Key Entities
UBSSwiss Stablecoin AGPostFinanceSygnumRaiffeisenZürcher KantonalbankBCVSwiss franc stablecoin2026