Six Swiss Banks Join Forces to Test Swiss Franc Stablecoin

Switzerland currently has no regulated, widely used Swiss franc stablecoin. Such tokens are typically pegged 1-to-1 to fiat currency and can support rapid settlement and programmable payments on blockchains. Joint testing by major banks indicates that stablecoins are evolving from cryptoasset tools into traditional financial infrastructure, with implications for the competitiveness of Switzerland's financial center.

UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank and Banque Cantonale Vaudoise announced on April 8, 2026, that they had joined Swiss Stablecoin AG in launching a year-long sandbox. Swiss Stablecoin AG is providing the token-issuance technology. The test limits participation and caps transactions, but neither the issuance amount nor the numerical caps have been disclosed. Other institutions may also join.