Creating Swiss Franc stablecoins with Google Cloud Universal Ledger
Every day, countless financial transactions are interrupted by slow, expensive, and inflexible conventional payment systems. As a result, public commercial stablecoins like Tether, USDC, and PayPal USD have become increasingly popular by making it easy to move money efficiently with instant, 24/7 blockchain settlement.
Yet major regulated banks have largely kept such transactions at arm’s length; for these financial institutions, reserve-backed public stablecoins present numerous risks, including strict capital and liquidity requirements and unmanageable regulatory and operational uncertainty.
Indeed, banks don't want to adopt existing stablecoins. Instead, they need the speed and efficiency of tokenized currency built on the trusted economic foundations they’ve nurtured over years or even decades in business. That’s why many are now turning to Google Cloud Universal Ledger(GCUL). Rather than channeling public stablecoins, GCUL provides the secure infrastructure banks need to issue and settle tokenized deposits. That brings real-time, 24/7 programmable payments into commercial bank...
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