ZCHF is Frankencoin's CHF-pegged stablecoin. The protocol documentation describes it as an overcollateralized, oracle-free stablecoin system backed by on-chain collateral rather than by a direct 1:1 Swiss franc bank reserve.
Key Data
| Backing | Crypto collateral deposited into overcollateralized minting positions, including ETH and WBTC; Trusted Swiss franc stablecoin or bridge collateral where enabled, including CryptoFranc XCHF bridge references |
| Auditor | Code4rena; BlockBite; ChainSecurity |
| Redemption | Frankencoin documentation describes ZCHF as minted through collateralized positions. The compliance page states that the white paper does not provide a contractual redemption claim and that collateral recovery occurs through protocol mechanics rather than issuer redemption. |
| Peg Currency | CHF |
| Launched | 2023 |
Supported Networks
Use Cases
Overview
ZCHF is Frankencoin's CHF-pegged stablecoin. The protocol documentation describes it as an overcollateralized, oracle-free stablecoin system backed by on-chain collateral rather than by a direct 1:1 Swiss franc bank reserve.
Key Features
- CHF-denominated stablecoin
- Overcollateralized debt-position minting
- Oracle-free protocol design
- Veto-based FPS governance
- No contractual issuer redemption claim per the MiCA white paper legal assessment
Reserve Backing
Crypto collateral deposited into overcollateralized minting positions, including ETH and WBTC; Trusted Swiss franc stablecoin or bridge collateral where enabled, including CryptoFranc XCHF bridge references.
Supported Networks
Available on Ethereum.
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.