6 Swiss Banks Launch Swiss Franc (CHF) Stablecoin Sandbox
Ethereum
Six Swiss banks have joined forces with Swiss Stablecoin AG to test a Swiss franc-pegged stablecoin. UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV announced the initiative on April 8. The sandbox runs on Ethereum using ERC-20 and will operate throughout 2026. No Regulated CHF Stablecoin Exists Yet Stablecoins have grown rapidly in international importance, but the market remains dominated by USD-pegged tokens like USDT and USDC
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