Six major Swiss banks have joined forces to develop a unified digital franc, aiming to bridge blockchain and fiat payments. The testing program, which runs through 2026, will enable banks and other institutions to simulate real payment flows with controlled limits.
The project aims to gather operational experience to decide whether to launch a full-scale CHF stablecoin, mirroring similar efforts in the European Union such as the Qivalis euro stablecoin initiative. The testing period will remain open to other banks, companies, and institutions.
The Swiss stablecoin testing period follows a consortium of 12 top banks teaming up to back Qivalis, a digital euro that will debut in the second half of 2026. This initiative highlights the growing interest in stablecoins as a means to support payments, improve settlement speed, and connect blockchain-based applications with traditional money.