UBS Group and several banks launch Swiss franc stablecoin sandbox

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ME News, on April 8 (UTC+8), UBS Group (UBS) announced that it will, together with PostFinance (Swiss Post’s financial unit), Sygnum, Raiffeisen Bank Central Austria, Zurich Cantonal Bank (ZKB), and Banque Cantonale Vaudoise (BCV), co-establish Swiss Stablecoin AG to test specific application scenarios for a Swiss franc stablecoin in a secure digital sandbox environment. The sandbox is based on an initial list of potential use cases that are currently under joint development. The technical infrastructure for issuing the stablecoin is provided by Swiss Stablecoin AG. The sandbox will operate in 2026 and will be open to other banks, companies, and institutions interested in participating in the development of the Swiss franc stablecoin. (Source: Foresight News)

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