UBS and Major Swiss Banks to Test Swiss Franc Stablecoin

A total of six banks in Switzerland have partnered to test potential use cases for a Swiss franc stablecoin, Reuters reported, citing banking giant UBS. Per the announcement, the banks are going to launch a secure digital live environment – also known as a sandbox – to explore ways to connect blockchain-based applications with the Swiss franc. The institutions, part of the initiative, are UBS, PostFinance…