UBS and Swiss Partners Launch Sandbox Testing for CHFD Stablecoin

UBS has partnered with eight institutions, including PostFinance, Sygnum, and Raiffeisen, to launch a sandbox test for the Swiss franc-pegged stablecoin CHFD. The initiative, which has been live in a testing environment since late June, aims to explore use cases such as automated interbank transactions, digital asset settlement, and programmable payments. The pilot is scheduled to run until the end of 2026, though UBS clarified that this does not confirm a formal launch of the stablecoin.