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UBS and five other major banks in Switzerland will be sandboxing a franc-based stablecoin.
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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, Sygnum, Raiffeisen, ZKB, and BCV.
According to the official press release from UBS,
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Source: https://cryptopotato.com/ubs-and-major-swiss-banks-to-test-swiss-franc-stablecoin/








