【Swiss banks are actively exploring the stablecoin sector】According to Golden Finance, Swiss banking is actively exploring the stablecoin sector to enhance global competitiveness and promote financial innovation. A recent report from the Swiss Bankers Association (SBA) noted that despite facing strict anti-money laundering (AML) and know your customer (KYC) regulatory requirements in stablecoin development, stablecoins are still seen as an important opportunity for modernizing the financial system. However, the current regulations in Switzerland require stablecoin issuers to identify all holders' identities at all times, a provision criticized by industry insiders as 'Swiss-style overregulation,' limiting the widespread adoption of stablecoins. To address these challenges, the SBA is researching a stablecoin model backed by central bank funds and is calling for the establishment of a clearer regulatory framework to promote the development of stablecoins in Switzerland.