The project will allow for the testing of token usage in various scenarios and the accumulation of experience in digital payment methods. The project is set to launch this year using the infrastructure of Swiss Stablecoin AG. It involves the three largest banking groups in the country—UBS, Raiffeisen, and Zürcher Kantonalbank. Additionally, the project is open to other financial institutions. According to DefiLlama, the capitalization of stablecoins in Swiss francs is $42.3 million. According to Chainalysis' baseline scenario, by 2035 the adjusted volume of stablecoins will reach $719 trillion. Moreover, the volume could increase to $1.5 quadrillion. This is 52 times greater than the current $28 trillion. For this to happen, stablecoins must become the main payment infrastructure, and the younger generation must inherit $100 trillion in assets from older generations.
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UBS, together with other Swiss financial institutions, is launching a sandbox to test stablecoins in Swiss francs.
The project will allow for the testing of token usage in various scenarios and the accumulation of experience in digital payment methods. The project is set to launch this year using the infrastructur...