Six Swiss banks have joined forces to test potential uses for a Swiss franc-pegged stablecoin in Switzerland, UBS said on Wednesday, as lenders grapple with the growing stablecoin industry and the wider growth of cryptocurrencies. Jointly with the company Swiss Stablecoin AG, the Swiss banks are launching a secure digital live environment, a so-called sandbox, to explore ways to connect blockchain applications with the Swiss franc, the UBS statement added. UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV are part of the initiative, which is also open to other banks. There is currently no regulated Swiss franc-pegged ... (full story)