According to online reports, according to Ledger Insights, the Swiss banking industry is actively exploring the field of stablecoins to enhance global competitiveness and promote financial innovation. A recent report released by the Swiss Bankers Association (SBA) pointed out that although Switzerland faces strict anti-money laundering (AML) and know-your-customer (KYC) regulatory requirements in the development of stablecoins, stablecoins are still regarded as an important opportunity for modernizing the financial system. However, current Swiss regulations require stablecoins issuers to identify all holders at all times. This regulation has been criticized by industry insiders as "Swiss-style over-regulation" and limits the widespread adoption of stablecoins. To address these challenges, the SBA is studying a stablecoin model backed by central bank funds as reserves and calls for a clearer regulatory framework to promote the development of stablecoin Switzerland.