Swiss Franc Stablecoin Project Moves Into Testing With New Banking Partners

A group of Swiss companies has begun testing CHFD, a stablecoin pegged to the Swiss franc, marking a new phase for a project first launched in April. The pilot brings together banks and financial technology firms to explore how programmable payments could function across digital asset settlement and everyday transactions.

New Participants Join the Initiative

Financial market operator SIX and popular payment app TWINT have joined the sandbox, adding to the list of banks already involved in developing the franc-based token.

Real-World Use Cases Under Review

The testing phase will examine whether programmable payments can help reduce fraud on online marketplaces, improve fair access to event ticket sales, and make public sector payments more efficient. Results from the trial are expected to shape how the stablecoin could eventually be deployed more broadly across Switzerland’s financial system.