KongSwap has expanded its stablecoin offering with the addition of VCHF, a token linked to the Swiss Franc. The move allows users to trade and hold the currency on-chain at any time, without needing to rely on banking hours or cross-border payment systems.
VCHF is issued by VNX, a Liechtenstein-based company licensed under the country’s Blockchain Act. The token is designed to reflect the value of the Swiss Franc and can be exchanged back into the fiat currency through VNX’s platform. Unlike many stablecoins tied to the US dollar, VCHF opens up a different kind of stable asset for users looking to diversify their holdings.
The token is available across multiple chains, giving it reach beyond a single ecosystem. Its addition to KongSwap means it can now be accessed through one of the more active decentralised exchanges on the market, offering liquidity and ease of use to traders and crypto users who may be more familiar with DeFi than with foreign exchange desks.
Bringing a Swiss Franc-referenced asset to a DeFi platform introduces a different flavour to the typical trading mix. While the US dollar remains dominant in most crypto markets, there has been growing interest in stable assets tied to other fiat currencies, especially when backed by regulated issuers. VNX’s licensing in Liechtenstein may add a layer of trust for users who are cautious about unregulated projects or tokens without clear backing.
KongSwap’s VCHF pool is now live, and users can interact with it through supported wallets. The trading experience remains familiar, with the added benefit of offering a more euro-adjacent stable option. For anyone transacting in Europe or looking to preserve value without touching USD-based tokens, the VCHF launch may prove useful.
How widely VCHF will be adopted remains to be seen, particularly as competing stablecoins continue to evolve. But for now, it offers another practical option for DeFi users, and its availability on KongSwap broadens the reach of Swiss Franc-backed digital assets.
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