Stablecoin grows as more countries explore sovereign tokens

Homepage > News > Finance > Stablecoin grows as more countries explore sovereign tokens The stablecoin sector continued its inexorable rise this week, as two more nations—Switzerland and Uzbekistan—advanced sovereign stablecoin projects, while new data confirmed the ever-increasing use of stablecoins for payments, even as the rate of growth is expected to slow in 2026. Swiss franc stablecoin moves into testing Uzbekistan to test som stablecoin Stablecoin payments keep growing in 2026 Swiss franc stablecoin enters test phase On September 8, it was revealed that the Swiss exchange SIX and mobile payment service Twint have joined a cohort of nine firms in sandbox tests of the Swiss franc stablecoin, CHFD, with a focus on programmable payments and digital asset settlement. The initiative was launched in April to connect blockchain applications with the Swiss franc and test potential use cases for CHFD in Switzerland, with the ultimate aim of strengthening both the Swiss digital money ecosystem and the competitiveness of Switzerland’s financial center, in the face of a growing stablecoin market still overwhelmingly dominated by U.S. dollar tokens. SIX and Twint join the existin...