UBS and Major Swiss Banks to Test Swiss Franc Stablecoin

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News A total of six banks in Switzerland have partnered to test potential use cases for a Swiss franc stablecoin, Reuters reported, citing banking giant UBS. Per the announcement, the banks are going to launch a secure digital live environment – also known as a sandbox – to explore ways to connect blockchain-based applications with the Swiss franc. The institutions, part of the initiative, are UBS, PostFinance, Sygnum, Raiffeisen, ZKB, and BCV. According to the official press release from UBS, The new initiative will test potential use cases for a CHF stablecoin in Switzerland. In doing so, the partners are explori

Source: https://cryptopotato.com/ubs-and-major-swiss-banks-to-test-swiss-franc-stablecoin/