CHFD Franc stablecoin goes live in trial run; UBS launches Sandbox test with 9 institutions

Odaily News – UBS announced that it has launched a Swiss franc stablecoin Sandbox test together with 9 institutions, including PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT and Swiss Stablecoin AG. The Swiss franc stablecoin CHFD went technically live in the Sandbox environment at the end of June and is pegged 1:1 to the Swiss franc. The test will run until the end of 2026, focusing on use cases such as automated inter-institutional trading, tokenized settlement of digital assets and programmable payments. UBS stated that the test aims to accumulate technical, operational and regulatory experience, and does not represent a decision to officially launch a Swiss franc stablecoin.