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Deployments · platform by Frankencoin protocol

Frankencoin (ZCHF) Swiss franc stablecoinNew

A decentralised stablecoin tracking the Swiss franc, in use since 2023 and the largest franc stablecoin on DefiLlama. There is no issuer: users mint ZCHF against crypto collateral in protocol positions, collateral is tested by auctions rather than a price oracle, and holders of the FCS share token govern the system and carry its equity. It is used for payments at Spar stores in Switzerland, via a Gnosis Pay card and a Mt Pelerin IBAN link. About CHF 36 million was in circulation in October 2026, mostly on Ethereum, across eight chains. In the register on the editor's decision as a franc coin with real circulation, recorded like DAI and USDD.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 2023[2][1] — Openly held and used since 2023 per the protocol; size about CHF 36m. · Reviewed 17d ago

Assets
Other claim[3]
Collateral-backed Swiss franc stablecoin, not fiat-reserved
Networks
Ethereum Public, permissionless[4][1]
Optimism Public, permissionless[4][1]
Gnosis Chain Public, permissionless[4][1]
Polygon Public, permissionless[4][1]
Sonic Public, permissionless[4]
Base Public, permissionless[4][1]
Arbitrum Public, permissionless[4][1]
Avalanche Public, permissionless[4]
Use cases
Primary issuance[1][2]Secured lending[2][3]Merchant payments[2]
Jurisdictions
Global

Participants

Assets

Moves across networks

  • viaChainlink CCIP[4]The docs point users to CCIP Explorer to track CCIP transfer routes for ZCHF; which routes use CCIP is not listed, so no networks recorded.

Metrics

  • ~CHF 35.93mTokens in circulation · as of 22 Oct 2026[1][2]
    On-chain via DefiLlama; sum of its per-chain franc balances. The website showed a money supply of 35,934,935 ZCHF the same day.
  • ~CHF 31.53mTokens in circulation · as of 22 Oct 2026 · on Ethereum[1]
    On-chain via DefiLlama.
  • ~CHF 1.58mTokens in circulation · as of 22 Oct 2026 · on Gnosis Chain[1]
    On-chain via DefiLlama.
  • ~CHF 1.55mTokens in circulation · as of 22 Oct 2026 · on Base[1]
    On-chain via DefiLlama.
  • ~CHF 1.18mTokens in circulation · as of 22 Oct 2026 · on Optimism[1]
    On-chain via DefiLlama.
  • ~CHF 34.76mSupply on chain (daily) · as of 7 Nov 2026[5]
    Automated daily reading of on-chain supply across all chains.
  • ~CHF 1.22mSupply on chain (daily) · as of 7 Nov 2026 · on Optimism[5]
    Automated daily reading.
  • ~CHF 30.4mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[5]
    Automated daily reading.
  • ~CHF 60,352Supply on chain (daily) · as of 7 Nov 2026 · on Polygon[5]
    Automated daily reading.
  • ~CHF 2Supply on chain (daily) · as of 7 Nov 2026 · on Sonic[5]
    Automated daily reading.
  • ~CHF 17Supply on chain (daily) · as of 7 Nov 2026 · on Avalanche[5]
    Automated daily reading.
  • ~CHF 15,814Supply on chain (daily) · as of 7 Nov 2026 · on Arbitrum[5]
    Automated daily reading.
  • ~CHF 1.74mSupply on chain (daily) · as of 7 Nov 2026 · on Base[5]
    Automated daily reading.

Timeline

No dated events recorded yet.

Sources

  1. [1]Frankencoin stablecoin data (API) — DefiLlama, 22 Oct 2026. Accessed 22 Oct 2026. Pegged to the Swiss franc; DefiLlama classes the peg mechanism as crypto-backed..A
  2. [2]Frankencoin - Swiss Franc Stablecoin (ZCHF) — Frankencoin. Accessed 22 Oct 2026. Money supply 35,934,935 ZCHF and collateral value 54,196,449 ZCHF on 22 Oct 2026; 'since 2023'; deployed on 8 blockchains; use cases (Spar, Gnosis Pay, Mt Pelerin)..B
  3. [3]Overview | Frankencoin — Frankencoin. Accessed 22 Oct 2026.B
  4. [4]Bridge to other Chains | Frankencoin — Frankencoin. Accessed 22 Oct 2026.B
  5. [5]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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