Switzerland to Have National Stablecoin Backed by Swiss Franc

Home / Switzerland to Have National Stablecoin Backed by Swiss Franc

Inspired by USDT and El Petro, Switzerland plans to issue a token, which will be fully backed by the Swiss franc. The assets will be stored in the form of paper banknotes in Swiss banks and depositories. The important aspects of the project are transparency for investors and partners – through the monthly authorized audit and publication of open reports.

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