Frankencoin (ZCHF) is a decentralized stablecoin that digitally replicates the value of the Swiss franc. It operates on blockchain infrastructure and tracks CHF 1:1. Unlike a bank deposit, Frankencoin is not issued by a single institution but created through a transparent, over-collateralized system. Learn more in our documentation.

A stablecoin is a digital currency designed to maintain a stable value relative to a reference asset—in this case, the Swiss franc. Frankencoin uses crypto assets as collateral to ensure each ZCHF is backed by more than 1 CHF worth of value.

A bank account represents a claim against a specific bank. Frankencoin is decentralized—no single institution controls it. All reserves and system parameters are publicly verifiable on the blockchain. You have full control over your ZCHF without relying on a bank's solvency.

USDT and USDC are centrally issued by companies and backed by fiat reserves held in bank accounts. Frankencoin is decentralized, backed by crypto collateral, and governed by a community of FPS holders. No single entity can freeze your ZCHF.

No. Frankencoin is over-collateralized by crypto assets (e.g., ETH, WBTC). For every 1 ZCHF in circulation, there is collateral worth more than 1 CHF. This provides a safety buffer against market volatility.

Over-collateralization means the system holds crypto assets worth more than the ZCHF issued. For example, to mint 100 ZCHF, you might need to deposit 120 CHF worth of ETH. This buffer protects the system if collateral values drop.

The system has multiple safety layers: individual position reserves, the FPS reserve pool, and automated liquidation mechanisms. If collateral drops below safe levels, positions are liquidated to maintain over-collateralization.

FPS is the governance token that represents a share in the reserve pool. FPS holders provide backup capital and have voting rights in the system. FPS can be bought on exchanges or minted by contributing to the reserve pool. Learn more about FPS or invest via the app.

While designed to track CHF 1:1, ZCHF can temporarily trade slightly above or below peg due to market dynamics. Arbitrage mechanisms and economic incentives work to restore the peg. Long-term stability depends on adequate collateralization.

ZCHF is accepted at Spar stores in Switzerland, integrated with GnosisPay for card payments, available through Mt Pelerin's IBAN services, and used in payroll systems like Quitt. See more use cases.

You can buy ZCHF through exchanges like Uniswap, on-ramp services like Mt Pelerin or DFX, or by minting it directly using crypto collateral on the Frankencoin app.

You can earn yield by providing liquidity to DeFi protocols like morpho or using the Frankencoin savings module. Returns vary based on market conditions and are not guaranteed. Rates reflect supply and demand for CHF liquidity in decentralized markets.

Frankencoin (ZCHF) is classified as a payment token under Swiss law and complies with Swiss and EU regulations. It qualifies as a crypto-asset under MiCA in the EU, though certain provisions do not apply due to its decentralized nature.

Among others, the Frankencoin is subject to technical risks like smart contract vulnerabilities, to market risks like a sudden and sharp drop in the value of the collateral that backs the system, and liquidity risks like the inability to find a buyer in the market even though the system is still sound. While audited by leading security firms, no system is risk-free. Handle with care.

The Frankencoin Association is a Swiss non-profit organization based in Zug. It serves as a point of contact, furthers the development and supports the ecosystem—but does not control the protocol itself.

Yes, the smart contracts have been audited by multiple leading blockchain security firms including Code4rena, BlockBite, and ChainSecurity. Audit reports are publicly available.