DeFi Company Grizzly.fi to Launch Stablecoin Pegged to the Swiss Franc

Grizzly.fi, a DeFiDeFi company, is launching a stablecoin pegged to the Swiss Franc.

The Swiss Franc is generally considered one of the safest currencies in the world, and investors see it as a safe-haven asset in turbulent times. As high inflation increases the cost of living and squeezes living standards worldwide and the recent volatility of stablecoins, investors are potentially looking for safer alternatives for their digital assets.

The DeFi Franc or DCHF will be the second product launched by the Grizzly.fi in a short time. The company launched their Liquidity Mining Aggregator 2 weeks ago, which collected $26.5M in three days.

Grizzly.fi announced this new offering via their Twitter page, stating: "We hope to drive innovation by providing investors with an inflation proof stablecoin pegged to the Swiss Franc. With a strong economy, low debt, and sizeable foreign investment, the currency is an appealing alternative to USD pegged stablecoins."

The DCHF will be an Ethereum-based stablecoin backed by ETH and WBTC, as reported. 

Source: Liquidity Finder