The post UBS and Major Swiss Banks to Test Swiss Franc Stablecoin appeared on BitcoinEthereumNews.com. Home » Crypto News UBS and five other major banks in SwitzerlandThe post UBS and Major Swiss Banks to Test Swiss Franc Stablecoin appeared on BitcoinEthereumNews.com. Home » Crypto News UBS and five other major banks in Switzerland

UBS and Major Swiss Banks to Test Swiss Franc Stablecoin

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UBS and five other major banks in Switzerland will be sandboxing a franc-based stablecoin.

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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,

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

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