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Switzerland's national CHF stablecoin project has officially transitioned into a test phase, marking a significant milestone in digital currency adoption within the Alpine nation. The private-sector initiative has expanded to nine major institutions following the onboarding of financial infrastructure operator SIX and popular mobile payment provider TWINT. They join established banking giants including UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV, who have been collaborating on the framework since its initial launch.
