- AllUnity, backed by Deutsche Bank, issues the stablecoin CHFAU. It is tied to the Swiss franc and covered by liquid CHF reserves.
- The issue takes place under the EU’s E-Money Institution license as a MiCAR-compliant, transparent instrument for digital financial markets.
The COFFEE will initially be issued as an ERC 20 token on Ethereum. The reserves are stored at several banks, while issuance and redemption are carried out exclusively via AllUnity’s Mint service.
Customers can deposit francs, have CHFAU minted and redeem them at any time. AllUnity plans to bring its stablecoin to additional blockchains by the end of the year to expand its use in DeFi applications, institutional settlement systems and other trading infrastructures. At the same time, we are cooperating with crypto trading to spread the CHFAU in the market.
Importance in the EU and Switzerland
With the CHFAU, AllUnity is expanding its offering in addition to the already established Euro stablecoin EURAU. The combination of EU regulation, Swiss currency and institutional infrastructure is intended to set a new standard for digital payment methods in the European Economic Area.
AllUnity CEO Alexander Höptner speaks of a decisive step in enabling digital value transfer with bankable quality. For Switzerland, the CHFAU is a digital instrument that can function independently of possible digital central bank currencies.
Fields of application and perspectives
The stablecoin is aimed at international payments, treasury management and institutional settlement. Companies should be able to move liquidity in real time, without FX risks or delays caused by classic banking processes.
For DeFi protocols, CHFAU offers a stable, regulated CHF equivalent that was previously rarely available. AllUnity will expand the stablecoin system around the CHFAU through partnerships with banks, FinTechs and exchanges and establish the stablecoin as an integral part of the European digital financial infrastructure in the long term.
No Comments