VNX Swiss Franc Price

VNX Swiss Franc ($VCHF) is a multichain stablecoin that aims to maintain a stable value by pegging itself to the Swiss Franc. What sets it apart from numerous other cryptocurrencies is that it is backed by tokenized gold, providing an additional layer of tangible value and stability. Created by VNX Commodities, which operates under the blockchain regulations set by the Liechtenstein Financial Market Authority (FMA), VCHF facilitates various financial operations in both centralized finance (CeFi) and decentralized finance (DeFi).

The primary goals of VCHF include:

• Offering users a reliable instrument for operations in the crypto market.
• Providing avenues for hedging against crypto volatility.
• Enabling trading across various exchanges while allowing users to earn through lending, liquidity provision, and staking.