A new Swiss e-franc is in planning – but not from the notoriously reticent Swiss central bank.
The Swiss stock exchange SIX is working on plans to launch a stablecoin pegged to the Swiss franc, crypto website «Coindesk» reported. The e-franc aims to similify transactions on SIX's digital platform, SDX, which is set to launch next year.
While SIX didn't provide additional detail on the e-franc plans, it is reminiscent of J.P. Morgan's attempts to simplify payments with its own cryptocurrency. UBS, Credit Suisse, and other banks have opted for a so-called utility coin.
