XCHF-CryptoFrancDetailed Description

XCHF-CryptoFranc Detailed Description

CryptoFranc (XCHF) is an ERC-20 stablecoin issued by Swiss Crypto Tokens AG, representing Swiss Franc denominated bonds. The main purpose of XCHF is to support the Swiss blockchain ecosystem through money market instruments. All XCHF are fully backed by physical Swiss Franc bank notes which are audited monthly by Grant Thornton Bank Audit Ltd.