ZCHF is available for trading!
By KrakenFX
AI summary of the source article
Kraken announced the launch of funding and trading for Frankencoin (ZCHF). Frankencoin is a decentralized, over-collateralized stablecoin pegged to the Swiss franc, operating through on-chain collateral positions rather than custodial fiat reserves. Originally launched on Ethereum mainnet in 2023, ZCHF is also deployed across networks including Arbitrum, Avalanche, Base, Gnosis, Optimism, Polygon, and Sonic via Chainlink CCIP. Kraken noted that trading via the Kraken App and Instant Buy will activate after liquidity conditions are met, while geographic restrictions may apply.
Key facts
- Kraken made Frankencoin (ZCHF) available for funding and trading.
- Frankencoin is a decentralized, over-collateralized stablecoin tracking the Swiss franc that uses on-chain collateral rather than custodial fiat reserves.
- Kraken App and Instant Buy trading will go live once liquidity conditions are satisfied.