AllUnity Launches First MiCA-Compliant Swiss Franc-Pegged Stablecoin

Deutsche Bank-backed stablecoin platform AllUnity has made a significant move in the digital asset space by launching CHFAU, a new Swiss franc-pegged stablecoin that is fully compliant with the EU's Markets in Crypto-Assets Regulation (MiCA).

According to a statement from AllUnity, CHFAU is initially available only to institutional and professional investors on the Ethereum blockchain as an ERC-20 token. The company plans to expand its availability to additional networks later this year.

The launch of CHFAU marks a significant milestone in AllUnity's mission to build Europe's regulated digital payments ecosystem. As stated by AllUnity CEO Alexander Höptner, 'The primary purpose of CHFAU is to serve as a trusted, regulated digital Swiss franc for institutional settlement.'