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AllUnity Launches CHFAU Swiss Franc Stablecoin
The company behind the EURAU stablecoin last year launches the latest CHF-backed stablecoin with MiCA compliance.
AllUnity continues with its European fiat currency stablecoin issuance, this time focusing on Swiss local currency CHF (Henrique Ferreira / Unsplash)
AllUnity has launched CHFAU stablecoin.
Earlier this month, the company had announced its intent to issue another non-USD stablecoin to scale stablecoin adoption. Today, it has launched a Swiss Franc-denominated stablecoin that has 1:1 reserves and is also covered under the European MiCA license.
CEO Alexander Höptner expressed:
“The launch of CHFAU is a fundamental milestone in our mission to build Europe’s regulated digital payments ecosystem. In response to strong demand for a compliant digital Swiss Franc, we progressed from concept to launch in a matter of months demonstrating the strength and scalability of AllUnity’s multicurrency platform. This milestone is just the start of a broader transformation in how global liquidity moves.”
Initially, the stablecoin will run on leading blockchain network Ethereum. AllUnity joins the ranks of other active Swiss Franc issuers in this space, with Frankencoin currently leading the pack with the equivalent of a $35M market cap and an active ecosystem (according to CoinGecko).
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