NewsNovo
The Swiss franc stablecoin sandbox has moved into its testing phase, and the addition of two new participants sharpens the question of how far this project can actually go.
Financial market operator SIX and payment application TWINT have joined the initiative alongside the banks already in the consortium. The case for reading this as meaningful progress is the profile of the two newcomers.
SIX sits at the center of Swiss financial market infrastructure. TWINT is the country's consumer payment application of record.
Between the two of them, the sandbox now reaches from market plumbing to the retail wallet, a combination that a functioning stablecoin needs to be useful rather than theoretical.
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