Six Major Swiss Banks Launch Swiss Franc Stablecoin Pilot Project

BlockBeats News, April 8th, six major Swiss banks including UBS and PostFinance partnered with Swiss Stablecoin AG to launch a sandbox test of the Swiss Franc stablecoin. The goal is to simulate real payment flows, explore the connection between blockchain and traditional financial systems, and the use cases of programmable money. Currently, there is no widely used regulated Swiss Franc stablecoin in Switzerland, and this move aims to gather operational experience in a controlled environment to lay the groundwork for a potential stablecoin launch.

The sandbox test will take place over 2026, adopting a "digital real-time environment" mode, setting user numbers and transaction volume limits to control risks, focusing on testing payment settlement speed and programmable money use cases. The project is open to other banks, businesses, and institutions, with participants hoping to understand the feasibility of stablecoins in actual financial services through practical simulations and assess whether to advance towards full commercialization of stablecoin issuance.

This project is similar to efforts by other European banks to promote a Euro stablecoin, aiming to reduce reliance on USD stablecoins and enhance the competitiveness of the Swiss Franc in the digital payment sector.