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UBS Joins Stablecoin Test with $7.3 Trillion Assets at Stake

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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.

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