Jean-Baptiste Graftieaux, CEO of Bitstamp said: “We are pleased to be a part of launching the first VNX Swiss Franc stablecoin at a time when the crypto market is thriving. Stablecoins bridge the gap between traditional fiat currencies and crypto – supporting our goal of increased financial inclusion across the globe. By partnering with such widely trusted players in the space who share our vision of increased regulation, we’re proud to be continuing our mission of mainstream adoption of crypto – and we’re excited to see how it unfolds.”

“The VNX Euro and Swiss Franc stablecoins are important additions to the Stellar network and are further proof that Stellar is the ideal platform for asset tokenization because it is decentralized, fast, scalable, and sustainable,” said Denelle Dixon, Stellar Development Foundation CEO. “The Stellar network is trusted by many major financial institutions and we’re proud to add VNX’s first-of-its-kind Swiss Franc stablecoin and another Euro stablecoin to the wide variety of tokenized real-world assets on Stellar. With the addition of VNX Euro and VNX Swiss Franc, Stellar increases the diversity of stable assets for its developers and financial institutions worldwide by supplementing it with stablecoins referencing native European currencies and attracting European crypto investors.”

“With the Blockchain Act, Liechtenstein wanted to create a legally secure link between the token economy and the physical world in order to build a greater degree of trust, which is important for both blockchain businesses and citizens,” says Dr. Thomas Dünser, Director of the Office for Financial Market Innovation and Digitization of the Principality of Liechtenstein. “It is good to see that smart and innovative projects are making use of this legal fundament.”

“We are excited to welcome VNX to the Avalanche ecosystem,” said Luigi D’Onorio DeMeo, Head of DeFi and Developer Relations, Ava Labs. “VEUR and VCHF will provide Avalanche users with a convenient and secure way to access European fiat currencies in digital form.”

“We are thrilled about the deployment of VNX Euro, VNX Swiss Franc and VNX Gold to the Polygon network,” said Hamzah Khan, Head of DeFi at Polygon Labs. “This integration will make it easier for users to transact with these tokens, and we look forward to seeing more use cases coming from the combination of Polygon ecosystem players with VNX.”

Nathan – Head of BD, Orca expressed the positive impact of adding stablecoins to the DeFi space, stating, “VNX’s offering brings exciting new assets online, giving users the ability to access new markets that were previously unavailable on-chain. Deployment on Orca enables trading these assets with the tight spreads and near instant settlement that are only possible on Solana.”