What is CHFAU?

CHFAU is the stablecoin behind your Swiss Franc balance on Moneda. In the app you simply see and hold a CHF balance. The stablecoin is the mechanism underneath, the same way EUR balances are held as EURC.

It is issued by AllUnity, a regulated e-money institution authorised by Germany's financial regulator BaFin, and it is classified as an e-money token under the EU's Markets in Crypto-Assets Regulation (MiCAR). AllUnity is backed by DWS, the asset management arm of Deutsche Bank, along with Flow Traders and Galaxy Digital.

What that means for you:

• CHFAU is backed 1:1 by Swiss francs, held as CHF cash or high quality liquid assets denominated in CHF.
• Reserves sit in segregated accounts at regulated credit institutions, kept separate from the issuer's own operating funds.
• Holders have a statutory right to redeem at par value at any time.

CHFAU runs on Base, which is the network Moneda uses.

CHF is rolled out gradually and may depend on your region, so it may not be enabled for your account or country yet.