Article TippinPoint · Oct 30, 2026
Erst die Blockchain macht Hayeks-Vision möglich
Schweizer Unternehmen präsentieren ihre Version von «guten Währungen», 50 Jahre nachdem der österreichische Ökonom die Grundlagen definiert hat.
The Swiss franc,
on-chain.
Digital Swiss francs, ZCHF. Save, borrow and pay with a decentralized currency backed by collateral you can see.
- Savings rate
- 3.50%
- In circulation
- 34.9M
- Collateral per ZCHF
- 1.51×
- Live since
- 2023
One franc. Four ways to use it.
Save 3.50%per year Earn 3.50% on Swiss francs Deposit ZCHF in the savings module. Interest accrues every block, withdraw any time. Start saving →
Invest 20.9% Protocol return on equity. Since launch, compound annual rate Own a share of the system FCS, Frankencoin Shares, is the protocol's equity: a share of the reserve and a vote on how it is run. Its value can rise or fall. Explore FCS →
Borrow Francs against BTC, ETH, gold or shares Keep your exposure and mint ZCHF at fixed terms. No credit check. up to 96% loan-to-value from 1.11% a year See live terms → Pay Spend it like francs At Spar stores, with a GnosisPay card, or by bank transfer through a personal IBAN. See where → Your dollars are melting.
Francs are not.
Take $10,000 in the year 2000 and leave it alone. Here is what it is worth today, in today’s dollars, and what it still buys.
Kept as cash dollars
No interest. The note just sits there.
Today
buying power
US Treasury bills
The classic “safe” dollar: 3-month T-bills, interest reinvested every quarter.
Today
buying power
Swiss franc savings
Today
buying power
Annual averages from FRED (Federal Reserve H.10 exchange rates, 3-month Treasury bill TB3MS, BLS CPI-U), the Swiss National Bank (overnight call money to 1998, SARON from 1999) and the OECD Swiss CPI; today's rate from ECB reference rates. T-bill returns ignore taxes and fees. Past moves do not predict future ones. Nothing here is investment advice.
Backed by collateral
you can see.
Borrowers lock assets in public contracts to mint ZCHF, so every franc is backed by more than a franc of collateral. Weak positions are challenged and auctioned, and borrowers' interest pays savers first.
+6 Backed by 16 collateral types, every one on-chain
ZCHF in circulation
34.9M
Collateral value (CHF)
52.6M
Collateral per ZCHF
1.51×
Protocol equity
3.6M
Pick your path.
Grow Swiss francs
Earn the protocol rate on ZCHF from a bank account or a crypto wallet. Withdraw any time.
For savers
Hold reserves in CHF
Companies, funds and DAOs: diversify out of USD and earn on idle reserves.
For treasuries List and earn
Offer a Swiss-franc balance with yield and earn a share of your users' interest.
For exchanges & wallets Build with ZCHF
Verified contracts, REST API, indexer, MCP server and grants.
For developers What people write about Frankencoin.
Article 
Article Finanz und Wirtschaft – Verlagsbeilage «Krypto» · Oct 17, 2026
Im Treasury angekommen
Matthias Nadler, CTO bei Plusplus AG, erläutert, wie Unternehmen Stablecoins im Treasury-Management einsetzen können. Beitrag auf Seite 3 der Verlagsbeilage «Krypto» zur Finanz und Wirtschaft Nr. 81.
Video Stable Summit · Oct 16, 2026
Johannes Kern, Frankencoin | Optimistic Governance: Build an Actually Decentralized Stablecoin
What does it take for a decentralized stablecoin’s governance to resist capture by a small number of voters? In this talk, Johannes Kern (Frankencoin Association) examines how optimistic governance is designed to keep a decentralized stablecoin resilient and accountable.
Article MoneyToday · Oct 9, 2026
Internationale Kryptobörse listet ab sofort Frankencoin
Der Frankencoin gehört neu zum Handelsangebot von Kraken – ein wichtiger Schritt zu grösserer Reichweite für den Schweizer Stablecoin.
Article Allnews · Oct 8, 2026
Un stablecoin en francs suisses arrive sur Kraken
«L’infrastructure financière de demain ne doit pas se construire uniquement en dollars», explique Johannes Kern, directeur général de la Frankencoin Association. «Un franc suisse numérique doit en faire partie.»
Article finews.ch · Oct 8, 2026
Frankencoin wird an internationalen Kryptobörse gelistet
Die Kryptobörse Kraken nimmt Frankencoin (ZCHF) in ihr Handelsangebot auf. Mit dem Listing erhält der dezentrale Schweizer-Franken-Stablecoin Zugang zu einer internationalen Kryptobörse.
Article TippinPoint · Oct 8, 2026
Kraken nimmt Schweizer Stablecoin ins Angebot auf
Die Kryptoplattform Kraken nimmt den Frankencoin (ZCHF) in ihr Handelsangebot auf. Damit wird die Kryptowährung erstmals über eine grosse internationale Kryptobörse zugänglich.
Video ETH Belgrade · Oct 4, 2026
How to Borrow Onchain Against Illiquid RWAs Without Oracles — Paolo DI Stefano | Frankencoin
Paolo DI Stefano discusses borrowing onchain against illiquid real-world assets without oracles using Frankencoin.
Video Alpha Omega · Oct 4, 2026
Frankencoin - présentation et épargne
Frankencoin est un stablecoin répliquant la valeur du Franc Suisse sous le ticker ZCHF.
Video European Blockchain Convention · Oct 1, 2026
Can Stablecoins, CBDCs and Tokenised Deposits Coexist | EBC12
Panel discussion from the European Blockchain Convention (EBC12) on whether stablecoins, CBDCs and tokenised deposits can coexist.
Video Range · Aug 19, 2026
The oracle-free stablecoin: how Frankencoin holds a Swiss franc peg | Fireside with Frankencoin
Johannes Kern explains how Frankencoin's decentralized, over-collateralized Swiss-franc stablecoin works, including its oracle-free auction-based liquidation model and path to payments, savings and self-custody.
Video Trading Strategy · Aug 12, 2026
Episode #8 Frankencoin
Johannes Kern joins Trading Strategy to discuss Frankencoin's optimistic governance, oracle-free collateralised debt model, protocol risk management and sustainable vaults.
Would you like to report about Frankencoin? Get in touch using media@frankencoin.com
Short answers.
Frankencoin (ZCHF) is a decentralized stablecoin that tracks the Swiss franc. It is not issued by a company: anyone can mint it against collateral worth more than the ZCHF they create, and the collateral stays visible on-chain. See What is Frankencoin.
A digital token designed to hold a stable value against a reference currency. For ZCHF the reference is the Swiss franc; each ZCHF is backed by collateral worth more than one franc.
A bank balance is a claim on one bank. ZCHF is a token you hold in your own wallet, backed by collateral anyone can inspect on-chain, and no institution can freeze it. It is not a deposit and is not covered by deposit insurance.
USDT and USDC are issued by companies against reserves they hold, and the issuer can freeze balances. ZCHF is issued by smart contracts against on-chain collateral, tracks the franc rather than the dollar, and has no issuer who can freeze it. See the comparison.
No. The franc is the reference currency, not the backing. Each ZCHF is backed by collateral (BTC, ETH, tokenized gold or shares) worth more than one franc. See How it works.
Swiss francs. On-chain. Yours.
Start with any amount. No account with Frankencoin, no lock-up, your own keys.