{"id":45799,"date":"2026-04-08T10:37:07","date_gmt":"2026-04-08T10:37:07","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/45799\/"},"modified":"2026-04-08T10:37:07","modified_gmt":"2026-04-08T10:37:07","slug":"swiss-banks-to-test-possible-uses-for-swiss-franc-stablecoin","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/45799\/","title":{"rendered":"Swiss banks to test possible uses for Swiss franc stablecoin"},"content":{"rendered":"<p>Six <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/swiss-banks\" target=\"_blank\" rel=\"nofollow noopener\">Swiss banks<\/a> have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/ubs\" target=\"_blank\" rel=\"nofollow noopener\">UBS<\/a> said on Wednesday, as lenders grapple with the growing stablecoin industry and the wider growth of cryptocurrencies.<\/p>\n<p>Jointly with the company Swiss Stablecoin AG, the Swiss banks are launching a secure digital \u200clive environment, \u2060a so-called \u2060sandbox, to explore ways to connect blockchain applications with the Swiss franc, the \u200bUBS statement added.<\/p>\n<p>UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV are part of the initiative, \u200bwhich is also open to other banks. <\/p>\n<p>There is currently no regulated Swiss franc-pegged stablecoin with broad application in Switzerland, UBS said. The sandbox will be conducted in 2026 and aims \u2060to strengthen \u200cthe Swiss <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/digital-money-ecosystem\" target=\"_blank\" rel=\"nofollow noopener\">digital money ecosystem<\/a>, the bank added.<\/p>\n<p>Banks worldwide looking at <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/stablecoins\" target=\"_blank\" rel=\"nofollow noopener\">stablecoins<\/a><\/p>\n<p>Stablecoins &#8211; a type of <a href=\"https:\/\/economictimes.indiatimes.com\/markets\/cryptocurrency\" target=\"_blank\" rel=\"nofollow noopener\">cryptocurrency<\/a> designed to maintain \u2060a constant value and backed by traditional currencies &#8211; are seen by some lenders as potential competitors, putting them under pressure to find uses for <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/blockchain-technology\" target=\"_blank\" rel=\"nofollow noopener\">blockchain technology<\/a> within their own businesses.<\/p>\n<p>Banks worldwide are experimenting with stablecoins, and several have joined forces to trial the technology, especially since U.S. President Donald Trump last year signed a law establishing rules for stablecoins.<\/p>\n<p>A group of 10 \u200cEuropean banks, including ING, UniCredit and BNP Paribas, last year formed a company to launch a euro-pegged stablecoin in \u200bthe second \u200bhalf of 2026, \u2060in a move they hope will counter U.S. dominance in digital payments.<\/p>\n<p>Also last year, a separate group of 10 banks, including Bank of America, \u200bDeutsche Bank, Goldman Sachs and UBS, said that they are jointly exploring issuing a stablecoin.<\/p>\n<p>Stablecoins have grown sharply in recent years, but the market is dominated by El Salvador-based company Tether, and demand for the few bank-issued stablecoins has so far been limited.<\/p>\n","protected":false},"excerpt":{"rendered":"Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, UBS&hellip;\n","protected":false},"author":2,"featured_media":45800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[21952,1899,26552,6604,41,14509,26229,17,223],"class_list":["post-45799","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-blockchain-technology","tag-cryptocurrency","tag-digital-money-ecosystem","tag-stablecoins","tag-swiss","tag-swiss-banks","tag-swiss-franc-stablecoin","tag-switzerland","tag-ubs"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116368654053816387","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/45799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=45799"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/45799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/45800"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=45799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=45799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=45799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}