The Swiss National Bank has been requested by Swiss stock exchange SIX to issue a stablecoin
|- SIX are the principal Swiss stock exchange to issue a crypto asset in the form of stablecoin.
- “SDX would accept CHF payments from member banks in central bank money and issue equivalent tokenised CHF in SDX, which is the company’s upcoming platform.
The SNB has been request by the principal Swiss stock exchange SIX to exploring issuing a stablecoin, according to local media. The report suggests that the crypto asset would be used to settle payments on its new digital securities trading platform.
SIX announced recently at the Crypto Valley Association that their users will be able to partake in its upcoming SDX platform and perform a swap of fiat currency for a new stablecoin.
Additionally, SIX noted that the tokens can also be coined on-demand and explained:
SDX would accept CHF payments from member banks in central bank money and issue equivalent tokenised CHF in SDX. The value of tokenised CHF would be pegged 1:1 with CHF at all times. We most definitely favour a central bank issued stablecoin.
SIX further added:
“SDX would accept CHF payments from member banks in central bank money and issue equivalent tokenised CHF in SDX. The value of tokenised CHF would be pegged 1:1 with CHF at all times. We most definitely favour a central bank issued stablecoin.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.