(8 April 2026 – Switzerland) Six major Swiss banks including UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV are collaborating to test a regulated Swiss franc stablecoin, signalling growing momentum for bank-led digital currency initiatives.
Working alongside Swiss Stablecoin AG, the group will explore use cases within a controlled sandbox environment, with a focus on integrating blockchain applications into the Swiss franc ecosystem. The initiative aims to enhance both the country’s digital currency infrastructure and the global competitiveness of its financial centre.
At present, Switzerland lacks a widely adopted, regulated Swiss franc-denominated stablecoin, creating an opportunity for coordinated industry development. The sandbox is scheduled to run in 2026 and will be open to additional banks, corporates and institutions interested in participating.
The move reflects a broader trend of bank-backed stablecoin exploration. Across Europe, a consortium of lenders is working toward launching a euro-pegged stablecoin, while separate collaborations—featuring institutions such as Bank of America, Deutsche Bank and Goldman Sachs—are also assessing joint issuance models as demand for stablecoin-based B2B payments continues to build.