PANews February 27 News: According to CoinDesk on February 27, German electronic money institution AllUnity announced the launch of a Swiss franc-pegged stablecoin, CHFAU, on the Ethereum blockchain. The token is backed 1:1 by Swiss francs and is intended for institutional payments, settlements, and treasury operations. This marks another expansion of AllUnity’s product line following the launch of the euro stablecoin last year. CHFAU is regulated by the German Federal Financial Supervisory Authority (BaFin) and plans to expand to other networks later this year. AllUnity is a joint venture of DWS, Galaxy, and Flow Traders.
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