Deutsche Bank-backed AllUnity launches Swiss franc stablecoin CHFAU
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Initially available to institutions via the AllUnity Mint Platform, CHFAU stablecoin launches under MiCA compliance after securing a license from the German regulator, BaFin.
AllUnity, a stablecoin platform backed by Deutsche Bank, has launched a new stablecoin denominated in Swiss francs (CHF).
After introducing its euro-pegged EURAU stablecoin last year, AllUnity is rolling out CHFAU, a stablecoin pegged 1:1 to the franc, the company said in an announcement shared with Cointelegraph on Thursday.
Initially available to institutional and professional investors, CHFAU launches on the Ethereum blockchain as an ERC-20 token, with plans to expand to additional networks later this year.
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