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About DCHF

The Defi Franc (in short DCHF) is an overcollateralized stablecoin pegged to the value of one Swiss Franc. The decentralized borrowing protocol allows drawing 0% interest loans against ETH, wBTC and interest bearing assets (LP Tokens) used as collateral. The protocol offers capital efficiency borrowing thanks to a minimum collateral ratio of 110%.The DeFi Franc protocol is a friendly fork and further developed version of the Liquity protocol and their stablecoin LUSD. In comparison, the DCHF is pegged to the value of one Swiss Franc (CHF) instead of the USD, allows for more collateral types and is designed to support native leverage on cryptos and Yield Generating Assets.At any time the DCHF can be redeemed against the underlying collateral at face value of one CHF.Because the DCHF from the taken Loans are freshly minted, the DeFi Franc does not suffer from a rat’s tail like assets that went through coin-mixers. Therefore new DCHFs are fungible.

DeFi Franc (DCHF) is a cryptocurrency launched in 2022. DCHF has a current supply of 7.32M with 0 in circulation. The last known price of DCHF is 1.14 USD and is 0.000199205647 over the last 24 hours. It is currently trading on active market(s) with $678.72 traded over the last 24 hours. More information can be found at https://defifranc.com.

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DCHF Price Statistics
DCHF’s Price Today
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Updated Jul 16, 2024 10:11 am
DeFi Franc
Mkt Cap $0
There's nothing here for now
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
The Hong Kong Treasury Department said that in view of the important role of fiat stablecoins in the Web3 and virtual asset ecosystem, and the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to establish a regulatory system for fiat stablecoin issuers to regulate in a risk-based and pragmatic manner. The three main requirements include reserve management and stability mechanisms (for example, requiring issuers to ensure that fiat stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and regulatory requirements such as governance, knowledge and experience. In addition, the Hong Kong Treasury Department recommends that only licensed fiat stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms can sell fiat stablecoins in Hong Kong or actively promote related services to the public in Hong Kong. For existing stablecoin issuers, the proposed regulatory system will also have corresponding transitional arrangements. In addition, the Treasury Department hopes that an appropriate and internationally recommended regulatory system for fiat stablecoin issuers can provide users with sufficient protection to deal with potential risks to monetary and financial stability, so that Hong Kong's virtual asset ecosystem can develop sustainably and responsibly.
Jul 16, 2024 10:06 am

Frequently Asked Questions

  • What is the all-time high price of DeFi Franc (DCHF)?

    The all-time high of DCHF was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of DeFi Franc (DCHF) is 0. The current price of DCHF is down 0% from its all-time high.

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  • How much DeFi Franc (DCHF) is there in circulation?

    As of , there is currently 0 DCHF in circulation. DCHF has a maximum supply of 7.32M.

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  • What is the market cap of DeFi Franc (DCHF)?

    The current market cap of DCHF is 0. It is calculated by multiplying the current supply of DCHF by its real-time market price of 1.14.

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  • What is the all-time low price of DeFi Franc (DCHF)?

    The all-time low of DCHF was 0 , from which the coin is now up 0%. The all-time low price of DeFi Franc (DCHF) is 0. The current price of DCHF is up 0% from its all-time low.

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  • Is DeFi Franc (DCHF) a good investment?

    DeFi Franc (DCHF) has a market capitalization of $0 and is ranked #7621 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze DeFi Franc (DCHF) price trends and patterns to find the best time to purchase DCHF.

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