VCHF

VCHF (VNX Swiss Franc) is a Swiss franc stablecoin issued by VNX, on 8 chains. Supply is 2.20M CHF ($2.66M), +3.6% in 30 days.

CHF · EuropeVNXfiat-backed
Supply
$2.66M
2.20M CHF
Trading volume
$3.32M
DEX pools, last 30 days.
Transfer volume
$1.01M
Sep 2026, full month
Active addresses
55
Sep 2026, full month

Monthly supply by chain

By chain · USD · trading price when there is one, otherwise today's FX rate

$0$2M$4MFEB 26APR 26JUN 26AUG 26OCT 26

Supply

USD · since 31 Dec 2022

$0$1.00M$2.00M$3.00M$4.00MAPR 26JUL 26OCT 26

VCHF · USD/CHF

Rate

0.8277

USD/CHF. The pool price, written as a rate.

Gap to the market rate

-32 bps

A price we measured.

Gap vs market rate

3 months, 30 Jul – 30 Oct.

Base was left out: one trader is more than 50% of buy volume.

Cost to convert

What a swap costs vs the market rate, fee and price impact included.

Trade sizeUSD → CHFCHF → USD
$1k-12 bps+53 bps
$10ktoo thintoo thin
$50ktoo thintoo thin

bps = basis points. 100 bps = 1%.

Apps and protocols

Apps that support VCHF

Trading

DEXChainsVolume, 30 days
ICPSwapICP$1.73M
RaydiumSolana$1.34M
OrcaSolana$248.00K

Pools we track on GeckoTerminal, 1 Oct–30 Oct 2026.

Lending, payments and other apps: not published yet.

Verify and integrate

VNX:

Not found: Contact.

How to get VCHF

Who can mint
Businesses only
Mint
Verified VNX customers fund a segregated fiat account; VNX mints VCHF on receipt. The same process applies to every VNX stablecoin.
Redeem
Verified customers redeem 1:1 for fiat through VNX.
Payment rails
SEPASWIFT

Also available on

Compiled 23 Sep 2026 from public issuer information (vnx.io, x.com, academy.swissborg.com, vnx.gitbook.io). Not advice. Confirm with the issuer before sending funds. Report a correction.

VCHF contract addresses (8)

As listed on vnx.io ↗

Not on VNX's own pages. Found via block explorers and data aggregators.

Each address opens in that chain's block explorer.

Not confirmed by the issuer yet. Issuers can request a check →

FAQ

What is VCHF?
VNX Swiss Franc (VCHF) is a Swiss franc stablecoin issued by VNX and backed by fiat reserves. 2.20M CHF is in circulation on 8 chains; 41.2% is on Solana.
How do I mint or redeem VCHF?

Mint: Verified VNX customers fund a segregated fiat account; VNX mints VCHF on receipt. The same process applies to every VNX stablecoin. Redeem: Verified customers redeem 1:1 for fiat through VNX. Who can mint directly: businesses only. Payment rails: SEPA and SWIFT. Compiled 23 Sep 2026 from public issuer information; confirm with the issuer before sending funds.

Sources: vnx.io · x.com · academy.swissborg.com · vnx.gitbook.io

Where can I get VCHF without minting?
Besides minting directly, VCHF is available on SwissBorg. Listings change; check the venue before sending funds.
Where does the VCHF supply figure come from?
Read from the VCHF contracts on every chain we track. Bridged copies are counted once. It agrees with DefiLlama's figure.
How is the VCHF gap measured?
Its latest USD price (from its pool, or DefiLlama) is compared with the latest market rate for CHF (Wise mid-market, from Reuters) where we have it, else the ECB reference rate. The stablecoin page, the CHF page and the FX page use the same rate, so they show the same gap. Zero means exactly at the market rate, + means it costs more USD than the market rate, − less; 100 bps = 1%.
Why is VCHF shown in USD?
VCHF has a trading price ($1.21, from its Aerodrome Slipstream pool on Base), so its supply is shown in USD at that price.
Where does this data come from?
Supply
We read VCHF's supply from its contracts on 8 chains (listed under By chain). Cross-checked: within 1% of DefiLlama's figure.
By chain
Solana 41.2% ($1.09M), Base 23.0% ($610.95K), Avalanche 21.8% ($579.55K), ICP 12.3% ($327.18K), Ethereum 1.0% ($27.64K), Celo 0.5% ($14.42K), Stellar 0.1% ($3.15K), Polygon <0.1% ($1.67K)
Price
Price from the Aerodrome Slipstream VCHF/USDC pool on Base (0.05% fee). The pool's smaller side holds $21.84K. View pool ↗ DefiLlama's price ($1.2019) is 0.5% from it. We use the pool when the two are within 3%.
History
Built chain by chain since 2022-12-31. Ethereum, Celo, Base, Avalanche and Polygon: our contract reads, one per month end, then daily. Stellar: DefiLlama's per-chain series, because we can't read past supply there. Solana before 2026-09-28 is from DefiLlama. Past supply is a totalSupply read at a past block, where we can make one. Mint and burn events are the count where we use them. Where we have neither, the chart uses DefiLlama's series for that chain and names it. Hyperliquid L1 starts at our first daily read, because its node has no past state. Stellar: Horizon asset data is current state, not a read at that ledger.