CHFD pilot starts in Switzerland with nine participating institutions
The Swiss franc stablecoin CHFD has entered the testing phase, according to WuBlockchain’s daily roundup. SIX and payments giant TWINT have joined the initiative, bringing the number of participating institutions to nine: UBS, PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank (ZKB), BCV, Swiss Stablecoin AG, SIX and TWINT.
The project was first launched in April this year. The test is built around CHFD, which is pegged 1:1 to the Swiss franc, and covers automated trading between financial institutions, tokenized asset settlement and programmable payments. Use cases listed in the roundup include e-commerce fraud prevention, ticketing and public-fund disbursement.
The test is expected to continue through the end of 2026. It is still described as an experimental project, not a formal commercial launch for the public.
Ethereum Foundation outlines Hegotá EIP ranking and quantum-resistance target
The Ethereum Foundation’s Protocol Cluster published two articles related to the Hegotá upgrade. The posts rank 62 Ethereum Improvement Proposals proposed for inclusion in Hegotá and lay out current and future research priorities.
One of the stated goals is to push Ethereum Layer 1 toward quantum resistance by December 2029. The ranking process involved about 60 researchers, engineers and domain specialists from nine Protocol Cluster teams. In total, they submitted 397 ratings and discussed proposals that drew disagreement.
Visa says stablecoin-linked card programs top 160
Visa said that as of the second quarter of fiscal 2026, more than 160 stablecoin-linked card programs had gone live worldwide, and payment volume tied to those programs had risen nearly 200% from a year earlier.
Visa also said its stablecoin settlement volume, measured on an annualized basis, had recently exceeded $20 billion, up more than 15x year over year. As these programs scale, some early projects are facing a funding mismatch: they need to raise daily settlement funds before receiving payment from cardholders.
Visa said it is working with Credit Coop to provide settlement financing for related card programs through on-chain credit denominated in stablecoins. For some participating programs, financing costs have been reduced by as much as 30%.
SBI item references both JPYSC and DAI
The roundup states that SBI used the yen stablecoin JPYSC to buy Japanese government bonds, with outstanding issuance reaching 20.1 billion yen.
The same item also says that Japanese crypto asset exchange SBI VC Trade announced on Aug. 2, 2023 that it had added decentralized stablecoin DAI to its margin trading service. It adds that SBI VC Trade had long offered spot trading for DAI.
That entry also says all compliant Japanese exchanges still do not allow the use of centralized stablecoins such as USDT and USDC.
Strategy made no BTC trades last week and repurchased $176.3 million of STRC
An 8-K filing submitted by Strategy to the U.S. Securities and Exchange Commission showed that from Aug. 31 to Sept. 7, the company did not sell shares through its at-the-market program and did not buy or sell BTC.
As of Sept. 7, Strategy held about 845,050 BTC acquired at a total cost of about $63.73 billion, or roughly $75,412 per coin on average.
The company also increased the authorized size of its digital credit securities repurchase program from $1 billion to $2 billion. During the week, it spent about $176.3 million to repurchase 1,810,885 shares of STRC preferred stock. As of Sept. 7, its U.S. dollar reserve and U.S. dollar cash balances stood at about $5.1 billion and $1.44 billion, respectively.