Germany's AllUnity issues regulated stablecoin tied to safe haven Swiss franc

The debut comes as major banks and analysts predict major appreciation in the Swiss currency. What to know : AllUnity has launched CHFAU, a Swiss franc–pegged stablecoin on Ethereum, fully backed 1:1 by CHF reserves and aimed at institutional payments, settlements and treasury use. The new token, regulated under Germany’s BaFin as e‑money, reflects rising demand for compliant non-dollar stablecoins and follows AllUnity’s earlier euro-pegged offering . Investor interest in CHF-linked assets is growing as major banks including Morgan Stanley, Goldman Sachs and Bank of America increasingly favor the Swiss franc as a safe-haven currency over the Japanese yen.(Coindesk)