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08/04/26 05:57 UTC-04

Swiss banks announce testing of a Swiss franc-pegged stablecoin

Swiss banks UBS, PostFinance, Sygnum, Raiffeisen Switzerland, Zürcher Kantonalbank (ZKB), Banque Cantonale Vaudoise (BCV), and Swiss Stablecoin AG have joined forces to launch a sandbox for a Swiss franc (CHF)-pegged stablecoin.

The project involves testing a digital asset in a controlled “live” environment. Participants plan to explore the integration of blockchain solutions with the national currency and evaluate potential use cases.

The initiative is also aimed at developing the digital money ecosystem in Switzerland and strengthening the country’s position as a financial hub. Project participants identified several key objectives:

to support the development of Switzerland’s digital money ecosystem;
to gain new skills and experience in working with digital payment instruments;
to obtain practical insights.

The main focus is on improving process efficiency and delivering real value to clients.

Currently, Switzerland does not have a regulated CHF-pegged stablecoin with broad adoption. Sandbox participants aim to fill this gap by testing specific use cases.

The press release states that the sandbox is a controlled environment for testing financial products with limited risks. In particular, it предусматривает a limited number of participants, transaction limits, and clear access rules.

The technical infrastructure for issuing the stablecoin will be provided by Swiss Stablecoin AG. The sandbox launch is scheduled for 2026. Other banks, companies, and institutions will be able to join the initiative.

It is worth recalling that in November 2025, Swiss authorities postponed the implementation of the Crypto-Asset Reporting Framework rules until 2027 due to a revision of the list of partner jurisdictions for tax information exchange.

See also: "XRP Price Forecast: XRP consolidates after decline as Bulls Eye targets $1.48 breakout"

#Stablecoins

Editor: Yuliya Soroka
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