Share this article
Crypto Bank Sygnum Offering Yield on Its Swiss Franc Stablecoin
The licensed Swiss firm claims to be the first regulated bank to offer returns on its own stablecoin.
Updated May 9, 2023, 3:17 a.m. Published Mar 16, 2021, 11:05 a.m.
Swiss crypto bank Sygnum is launching a yield product based on its own stablecoin, DCHF.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The licensed Swiss bank said in a press release Tuesday that its three-month fixed-term deposit product will generate 0.75 percent yield per year.
- Sygnum claims to be the first regulated bank to offer returns on its own stablecoin.
- The product was launched to meet demand for a yield-generating money market product denominated in Swiss francs, according to the announcement.
- “We created this product for our clients who are looking to protect the value of their wealth while maintaining short to medium-term liquidity,” said Pascal Gähweiler, Sygnum Bank’s head of credit and lending.
- Deposits of the stablecoin, which is pegged to the Swiss franc on a 1:1 basis, are covered by the Esisuisse insurance scheme, according to Sygnum.
Read more: Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Visa brings Circle's USDC settlement to U.S. banks following $3.5 billion stablecoin pilot
Initial participants include Cross River Bank and Lead Bank, which are settling with Visa in USDC over the Solana blockchain.
What to know:
- U.S. banks and fintechs can now settle Visa obligations in Circle's USDC, starting on the Solana blockchain.
- Early participants include Cross River Bank and Lead Bank, with broader rollout planned through 2026.
- Visa will also support Circle’s Arc blockchain and run a validator, extending its stablecoin infrastructure bet.
Top Stories
