ACHF
AEUR
Company
ACHF IS A 1:1 CHF-BACKED STABLECOIN
ACHF is a game-changing stablecoin backed on a 1:1 basis by Swiss Francs (CHF). Designed to mitigate the volatility typically associated with cryptocurrencies and provide unparalleled stability, ACHF offers a secure and reliable digital asset for the modern financial landscape.
EXPERIENCE STABILITY AND RELIABILITY IN DIGITAL FINANCE
ACHF provides stability and reliability in the rapidly evolving digital finance ecosystem. This innovative stablecoin opens new possibilities for financial transactions, merging traditional and blockchain-based systems.
Build With ACHF on Multiple Chains
ACHF is available on Ethereum and BNB Chain with plans to expand support to a growing list of blockchains in the future.
ACHF Token Overview
CURRENT SUPPLY
---
ACHF in circulation
IN RESERVES
---
CHF in bank(s)
Frequently Asked Questions
Q1
What is ACHF and how does it work?
ACHF is a CHF-backed stablecoin issued natively on the Ethereum and BNB Chain. Each ACHF is backed 1:1 by Swiss Franc held in the appointed reserve bank.
Q2
How can I get started with ACHF?
To initiate using ACHF, you can create an account on one of our supported exchanges to purchase or trade. Alternatively, you can verify your identity to become our client and deposit Swiss Francs into the designated bank account we provide. Subsequently, you will receive an equivalent amount of ACHF.
Q3
How can I redeem ACHF?
To redeem or sell ACHF for Swiss Franc, you can effortlessly trade on secondary markets such as centralized/decentralized exchanges or dApps which support ACHF. For sizable redemptions, please get in touch with our team at email: info@anchoredcoins.com. Additionally, you can directly redeem through our platform if you are an existing client.
Q4
How many blockchains does ACHF run on?
ACHF is currently issued on Ethereum and BNB Smart Chain blockchains, with more integrations soon.
GET STARTED WITH ACHF
Fill out the form to connect with Anchored Coins Team.
WHAT IS YOUR FIRST NAME?
WHAT IS YOUR LAST NAME?
WHAT IS YOUR COMPANY/ORGANIZATION NAME?
WHAT IS YOUR EMAIL ADDRESS?
Gartenstrass 6, 6300 Zug, Switzerland
CHE - 434.703.403
Proud member of VQF self regulatory organization
CHE - 434.703.403
Proud member of VQF self regulatory organization
© 2023 Anchored Coins AG. All rights reserved.
Dear Clients of Anchored Coins AG and Holders of AEUR stablecoins,
We are writing to inform you of recent positive developments regarding the AEUR collateral and the operational activities of Anchored Coins AG.
As previously communicated, Anchored Coins AG was temporarily restricted from onboarding new clients, issuing new AEUR, and processing redemptions of AEUR stablecoins by the competent Swiss authorities following the initiation of bankruptcy proceedings against FlowBank SA in liquidation (https://www.flowbank.com/) on 13 June 2024 by the Swiss Financial Market Supervisory Authority (FINMA).
Successful restructuring of AEUR bank guarantee coverage
We are pleased to inform you that, in alignment with the Swiss authorities, we have successfully restructured the collateral coverage so that the entire AEUR circulating supply is now backed by 1:1 Euro reserves held in our Swissquote Bank SA, and the coverage of the circulating supply is no longer dependent of the outcome of the bankruptcy proceedings of FlowBank SA in liquidation.
Redemption Process
In accordance with the Anchored Coins Token Terms, Anchored Coins AG intends to initiate direct redemptions of the AEUR token with a minimum redemption amount of AEUR 250,000.
To apply for redemption, please navigate to the “Redemption Request” section and complete the corresponding redemption form. Following submission, we will contact you, and you will be required to successfully complete the full customer due diligence process in accordance with applicable Swiss regulations.
The time required to process a redemption request depends on various factors, including, among others, your risk profile, your timely cooperation in providing the required information and documentation, and the review and payment processing timelines of our banking partners.
Kindly note that AEUR can also be exchanged for EUR on various trading platforms. These options may be more suitable for holders with less than AEUR 250,000 or for those seeking a faster transaction process than direct redemption through Anchored Coins AG.
Next Steps: Future of the AEUR project
With the questions relating to the bank guarantee coverage resolved, Anchored Coins AG can now fully focus on the future of the AEUR project and re-establishing the redemption process.
As regards the future of the AEUR project, it is important to note that the EU Markets in Crypto-Assets Regulation (MiCAR) entered into force during the restructuring process. Under MiCAR, issuers of EUR-denominated stablecoins are now required to be licensed within the European Union. As Anchored Coins AG is a Swiss-based company, it will therefore not issue new AEUR tokens and will withdraw from the stablecoin business and the Swiss market in an orderly manner.
To ensure compliance with MiCAR and continuity for AEUR token holders, we are pleased to confirm that a compliant solution is close to being finalized. Once the new framework is in place, we will provide a comprehensive update outlining the revised structure and the future handling of AEUR tokens that are in circulation.
We would also like to reassure token holders that the funds backing the AEUR collateral are securely held in bank accounts of Anchored Coins AG’s. There are no risks to current AEUR token holders, and all measures are being implemented in full compliance with applicable laws and regulations.
We sincerely appreciate your continued trust and support. Should you have any questions or require further information, please do not hesitate to contact us at info@anchoredcoins.com
Sincerely,
Your Anchored Coins Team