Switzerland-based startup Centi announced the launch of a stablecoin pegged to the Swiss franc on March 21. The token is called the Centi Franc Stablecoin (CCHF), and it will be backed 1:1 by a Swiss bank guarantee.
The company said that the CCHF coin will serve as the “basis” for its blockchain-based Global Payment Network and called it the “closest implementation to date” of a central bank digital currency (CBDC).
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