BGT

The BGT is an innovative form of book money that banks use to process financial transactions. Its big advantage: the stablecoin is said to be linked to the Swiss franc, which means that its value stability is covered by the assets of the issuing banks. As so-called “programmable money”, the BGT could offer numerous possible applications.

News 2023-04-05 2 min read

Banks in Switzerland are planning «book money tokens (BGT)»

The financial sector in Switzerland is planning a game-changer: The Swiss Bankers Association (SBA) has written a white paper covering the launch of a brand new stablecoin BGT pegged to the Swiss Franc (CHF). Switzerland: Banks plan «bookвЂ¦

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