NEW: $6.1T Swiss banking giant @UBS joins five major Swiss banks to test a regulated Swiss franc stablecoin. https://t.co/JV5fMyhzDD ...

🚨LATEST: UBS JOINS FIVE SWISS BANKS TO TEST SWISS FRANC STABLECOIN@UBS has joined forces with PostFinance, Sygnum, Raiffeisen, ZKB and BCV to test a Swiss franc-based stablecoin.The six banks will collaborate with Swiss Stablecoin AG to explore blockchain use cases for the Swiss franc.The initiative will launch a live digital "sandbox" environment for testing. There is currently no regulated Swiss franc stablecoin in existence.If successful, it would mark the first blockchain-based monetary system in Switze ...

Market Trends - Japan's margin traders are increasing bearish bets on the Swiss franc to a record high [1]