ME News reports that on September 8 (UTC+8), UBS announced that the Swiss Franc stablecoin sandbox has entered its testing phase, with infrastructure operator SIX and payment company TWINT joining as new participants. The sandbox validates specific use cases for Swiss Franc stablecoins in a controlled digital live environment, featuring protective mechanisms such as participant limits and transaction caps. The testing is based on the Swiss Franc digital stablecoin CHFD, operated by CHFD Infrastruktur AG, a subsidiary of Swiss Stablecoin AG. Existing participants include UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, Banque Cantonale Vaudoise (BCV), and Swiss Stablecoin AG. The official statement emphasized that this is a trial arrangement and does not constitute a decision to issue a Swiss Franc stablecoin in the future. (Source: Foresight News)
Swiss Franc Stablecoin Sandbox Enters Testing Phase with SIX and TWINT Joining
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Summary
Digital asset news breaks as the Swiss franc stablecoin sandbox enters testing with SIX and TWINT on board. Built on MetaEra, the CHFD stablecoin is being trialed in a controlled live environment managed by CHFD Infrastruktur AG. Current participants include UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, BCV, and Swiss Stablecoin AG. The project remains experimental and is not a formal launch. Digital collectibles news also shows growing interest in blockchain-based assets.
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