CryptoFranc (XCHF) a stablecoin issued by Swiss Crypto Tokens AG The relative market volatility of crypto asset markets can sometimes be a reason for stress. Meanwhile, there are assets which do not exhibit such volatility; they are called stablecoins. Because the value of stablecoins is pegged to another currency or asset (such as the US dollar or gold), they are generally immune from the major ups and downs of crypto markets. This can be a strong value proposition if you hold a sizeable portfolio of crypto assets when markets experience a downturn as they have recently. Source: cryptowat.ch as of November 25, 2019 The CryptoFranc (XCHF) is such a stablecoin. It is 100%
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Bitcoin News Schweiz considers the following as important: Crypto Franc, Schweiz, stablecoin, Swiss Crypto Tokens AG, XCHF
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CryptoFranc (XCHF) a stablecoin issued by Swiss Crypto Tokens AG
The relative market volatility of crypto asset markets can sometimes be a reason for stress. Meanwhile, there are assets which do not exhibit such volatility; they are called stablecoins.
Because the value of stablecoins is pegged to another currency or asset (such as the US dollar or gold), they are generally immune from the major ups and downs of crypto markets.
This can be a strong value proposition if you hold a sizeable portfolio of crypto assets when markets experience a downturn as they have recently.
Source: cryptowat.ch as of November 25, 2019
The CryptoFranc (XCHF) is such a stablecoin. It is 100% backed by Swiss francs (CHF) stored in cash at a ratio of 1:1. Because the CryptoFranc is fully-collateralized (and fully audited on a monthly basis by Grant Thornton), it can hold its value even in stormy times.
For those who wish to protect all or part of their crypto asset holdings from market volatility, it is quite simple to convert BTC or ETH to the XCHF via popular crypto exchanges such as Bitfinex, IDEX or UniSwap.
If the current bearish trend continues, it is worthwhile considering whether you should stabilize your portfolio’s performance using a stablecoin such as the XCHF.
For more information on the XCHF stablecoin, how it is constructed and stored, please visit: www.swisscryptotokens.ch
To purchase the CryptoFranc (XCHF), go to: Bitfinex, IDEX, Uniswap.
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