[UBS Collaborates with Multiple Swiss Institutions to Launch Swiss Franc Stablecoin Testing, CHFD Goes Live for Trial Operation] BlockBeats News, September 8, Swiss Bank America announced that it has partnered with PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT, and Swiss Stablecoin AG—totaling nine institutions—to initiate the Sandbox testing phase for the Swiss Franc stablecoin, exploring ways to integrate blockchain applications with the Swiss Franc stablecoin. The testing is based on the Swiss Franc stablecoin CHFD, which has been technically live in the Sandbox environment since the end of June and is pegged 1:1 to the Swiss Franc. The test will focus on application scenarios such as automated inter-institutional financial transactions, tokenized settlement of digital assets, and programmable payments. These include reducing online market fraud risks, improving fair access to event tickets, and enhancing the efficiency of public fund distribution. The testing is expected to continue until the end of 2026. America stated that the Sandbox aims to accumulate technical, operational, and regulatory experience and does not signify a decision to officially launch the Swiss Franc stablecoin. [Original Link]