Swiss Banks Test Digital Franc Stablecoin for Digital Payments

The post Swiss Banks Test Digital Franc Stablecoin for Digital Payments appeared first on Coinpedia Fintech News

Swiss banks are testing a digital franc stablecoin called CHFD to explore automated transactions, tokenized assets and programmable payments. Launched in April and operating in a sandbox since late June, the project includes UBS, PostFinance and Sygnum. Participants are testing potential uses such as reducing fraud in online marketplaces, improving event ticketing and streamlining public …