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DeFi.Franc is the First Fully Decentralized Stablecoin Pegged to the Swiss Franc. ReDEFIning Stability. The DeFi Franc (DCHF) is a decentralized stablecoin, pegged to the Swiss Franc - The most secure, trusted and stable fiat currency in the world. The DeFi Franc is over-collateralized and is created through loans which are backed by ETH.