UBS joins major banks to test Swiss franc stablecoin in sandbox
Crypto Briefing
UBS and five major Swiss banks have launched a sandbox project to test a Swiss franc–denominated stablecoin for digital payment efficiency.Summary
UBS Group AG has partnered with five other major Swiss financial institutions, including PostFinance and Sygnum, to test a Swiss franc–denominated stablecoin within a controlled sandbox environment. Supported by technical partner Swiss Stablecoin AG, the initiative aims to advance Switzerland's digital money ecosystem by evaluating blockchain-based payment solutions for operational efficiency and transparency. The project is scheduled to run through 2026, building upon Switzerland's history of CBDC trials and UBS's previous work with digital cash and tokenized bonds as the bank seeks to bolster its digital asset capabilities.
(Source：Crypto Briefing)