Founded as a joint venture by DWS, Galaxy, and Flow Traders, AllUnity has launched CHFAU, a new stablecoin pegged 1:1 to the Swiss Franc. This electronic money institution regulated by the German Federal Financial Supervisory Authority (BaFin) has issued an ERC-20 standard token on Ethereum to meet institutional demand for a regulated digital Swiss Franc for payments and settlements. CEO Alexander Höptner stated that this launch demonstrates the platform's scalability. Previously, AllUnity introduced a euro-pegged token last year, reflecting the growing market demand for non-USD stablecoins. Analysts emphasize that the Swiss Franc's status as a major safe-haven currency is increasing, with institutions like Morgan Stanley predicting significant appreciation against the US dollar.
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Founded as a joint venture by DWS, Galaxy, and Flow Traders, AllUnity has launched CHFAU, a new stablecoin pegged 1:1 to the Swiss Franc. This electronic money institution regulated by the German Federal Financial Supervisory Authority (BaFin) has issued an ERC-20 standard token on Ethereum to meet institutional demand for a regulated digital Swiss Franc for payments and settlements. CEO Alexander Höptner stated that this launch demonstrates the platform's scalability. Previously, AllUnity introduced a euro-pegged token last year, reflecting the growing market demand for non-USD stablecoins. Analysts emphasize that the Swiss Franc's status as a major safe-haven currency is increasing, with institutions like Morgan Stanley predicting significant appreciation against the US dollar.