Description
Swisscoast, based in Pfäffikon, Switzerland, specializes in distributed ledger technology (DLT) for international organizations. The company's history includes programming the first smart contract for UNICEF in 2017 and launching a private digital Swiss franc (dCHF) in 2018. In 2024, Swisscoast developed and launched HLiquity, the first decentralized borrowing protocol on the Hedera network. HLiquity allows users to take out 0% interest loans in HCHF, a Swiss Franc-pegged stablecoin, by using HBAR as collateral with a minimum 110% collateral ratio. The protocol features a Stability Pool to ensure system solvency and a secondary token, HLQT, which captures protocol fees for stakers.