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Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Published 05/23/2019, 06:20 AM
Updated 05/23/2019, 06:42 AM
Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23.

The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the stablecoin will operate on that exchange.

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