Swiss-based blockchain startup Smart Valor, which operates a marketplace for security tokens and tokenized alternative assets, announced on Monday it had initiated a project that would make it the first digital asset platform supporting a stablecoin backed by the Swiss franc (CHF).
Smart Valor is providing its blockchain infrastructure to e-money and banking companies with the necessary license to issue a tokenized franc (CHFt). A stablecoin represents a cryptocurrency or blockchain-based token pegged to a fiat currency and, as a result, exhibits insignificant volatility. Some examples of stablecoins are Tether’s USDT and USDC, which was recently launched by Circle.
Besides offering its technical know-how, Smart Valor plans to iss...
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