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Swiss banks to test CHF stablecoin
The banks - UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV - are working with Swiss Stablecoin AG to test potential use cases in a secure sandbox environment.
UBS says the partners will explore how to integrate blockchain applications with the Swiss franc to strengthen both the Swiss digital currency ecosystem and the competitiveness of the Swiss financial center.
Currently, there is no regulated Swiss franc stablecoin with widespread use in Switzerland.
The sandbox will run in 2026 and is also open to other interested banks, companies, and institutions that wish to participate.
The initiative is one a host of new bank-backed stablecoin programmes. A group of 10 European banks last year formed a company to launch a euro-pegged stablecoin in the second half of 2026.
Also last year, a separate group of 10 banks, including Bank of America, Deutsche Bank, Goldman Sachs and UBS, said that they are jointly exploring issuing a stablecoin.