Switzerland wants a stablecoin pegged to its own national currency

If there’s one country that immediately brings to mind visions of banks and money, it’s Switzerland. That’s why it’s so remarkable that the Swiss are now launching a new proposal: a Swiss stablecoin of their own, pegged to the Swiss franc and guaranteed by the Swiss central bank. This is precisely the idea currently being explored by local Swiss authorities. Given the importance of Zurich and Geneva as financial centers, this is very positive news for the crypto markets.

Ether

Switzerland naturally possesses almost all the qualities needed to create a reliable stablecoin. Aside from the recent collapse of Credit Suisse, which slightly damaged the country’s reputation in 2023, its institutions are consistently

regarded as very stable, while the Swiss currency is considered one of the most reliable in the world.

🇨🇭Switzerland long known as the vault of financial stability is stepping into the crypto Era!
The Swiss gov has launched a plan for a backed by the Swiss franc backed stablecoins to be issued under official regulation!! pic.twitter.com/d7QfzGtQ8e

— ALLINCRYPTO (@RealAllinCrypto) November 6, 2025

A token pegged to the Swiss franc, transparent, fully backed, and overseen by the local regulator, could therefore easily distinguish itself from the other stablecoins that have tarnished the crypto sector. Tether, for example, doesn’t exactly have the best reputation among global authorities while everyone remembers what happened to the Terra stablecoin (issued by Terraform Labs) back in 2022.

Switzerland has likely been paying close attention to the success of Circle, the American company that developed its own stablecoin, as well as the Genius Act, the new US legislation that facilitates the issuance of stablecoins. This could be a gamechanger.