UBS Joins Stablecoin Test with $7.3 Trillion Assets at Stake
UBS Group AG has reported having $7.3 trillion in assets, citing scale and stable deposits as key drivers that could boost earnings in a higher interest-rate environment.
The bank joins CHFD Swiss-franc stablecoin live testing alongside SIX and TWINT as partners. CHFD aims to maintain a 1:1 peg to the Swiss franc during its sandbox phase.