NEW: Visa has unveiled the Visa Stablecoin Platform, a new product that will allow banks, fintechs and crypto firms to mint, move and manage stablecoins through a Visa-managed environment.
🔥 BIG: Swift unveiled a blockchain-based system for 24/7 cross-border payments, with 17 global banks preparing to pilot live transactions using tokenized deposits.
JUST IN: Swift's new blockchain ledger is ready for live testing with 17 banks including @HSBC, @UBS, @Citi and @WellsFargo, enabling 24/7 cross-border payments using tokenized deposits across six continents.
THE BLOCK: Swift says 17 commercial banks will pilot cross-border transactions using its new blockchain ledger.
The network allows participating institutions to settle customer funds 24/7 via tokenized deposits without altering existing credit and risk standards.
🚨BREAKING: SWIFT confirms 17 banks are now preparing to pilot CRYPTO-style cross-border payments.
The pilots will use tokenized deposits on Swift’s new blockchain ledger, allowing banks to move funds 24/7.
Banks include:
1. ANZ
2. BNP Paribas
3. BNY
4. Citi
5. DBS
6. First Abu Dhabi Bank (FAB)
7. FirstRand Bank Limited
8. HSBC
9. Itaú Unibanco
10. Lloyds Bank
11. Mashreq
12. MUFG Bank
13. OCBC
14. Standard Chartered
15. UBS
16. UOB
17. Wells Fargo
Swift says its infrastructure moves the equivalent of world GDP every 2 to 3 days across 200+ markets.
Stablecoins are becoming an increasingly important part of global financial infrastructure.
Today, Mastercard is supporting @openstandard and Open USD - an effort to help build more open infrastructure for digital money.
We believe unlocking the full potential of stablecoins will require trusted networks, broad participation, and collaboration across the industry.
Excited to help build what's next.
Prices may be moving sideways, but network activity isn’t. Ethereum processed $18T in stablecoin volume over the past year—an all-time high. What else is happening beneath the surface?
Explore the signals across BTC, ETH, and SOL in our Q2 2026 Signals Report:https://t.co/KmGqrZGLDf
The GENIUS Act is a momentous turning point for the future of digital dollars which is carried forward in the OCC’s proposed prudential and licensing regime.
Our response supports the robust and “highest-bar” standards put forward by the OCC to deliver a uniform, prudentially sound framework for U.S. dollar payment stablecoins.
https://t.co/5zZI9SqvE4
Circle France has received approval to offer crypto-asset services in the EU, enabling MiCA-compliant custody and transfer services for USDC and EURC across the EEA.
Advancing compliant digital financial infrastructure in Europe.
More: https://t.co/CJS0IMr4QC
Can collaboration reshape the future of cross-border payments?
Over 50 banks worldwide have signed up to Swift’s payments scheme, introducing a new framework designed to transform consumer and retail cross‑border payments.
As progress continues through 2026, banks are beginning to roll out the framework across key corridors – helping deliver faster, more predictable and transparent payment experiences for end customers.
@LloydsBank , @NAB , @NatWestGroup and @SocieteGenerale are among the banks participating in this initiative, alongside a growing global community.
#CrossBorderPayments #SwiftScheme
$33 Trillion in stablecoins settled on Coinbase in 2025.
That scale came from us always putting security and UX first.
We're now applying that expertise to streamline payments on a global scale.
The rapid evolution of cryptoasset service providers into financial intermediaries highlights the need for robust prudential frameworks. Explore the risks and policy challenges https://t.co/YteSL21n4b
Why is the last mile the longest?
While transactions across the Swift network can happen in seconds, around 80% of a payment’s journey is spent in the “last mile” – the time between a payment reaching the beneficiary bank and being credited to the end account. Domestic regulations, local market practices and infrastructure can all result in delays.
Our payments scheme is designed to significantly improve that final stage of the journey – bringing greater speed, certainty and transparency to the part of the process that matters most to end customers.
“Everyone should be able to transact internationally at pace, safe in the knowledge that the full value will arrive with the recipient and that fees will be affordable and fixed from the start,” says Nasir Ahmed, Head of Payments Scheme at Swift.
👉 Learn more about how the Swift scheme is improving the last mile, with banks including Garanti BBVA, J.P. Morgan Payments, KASIKORNBANK and KEB Hana Bank among its global participants: https://t.co/9U1fwgoCW6
#CrossBorderPayments #SwiftScheme #G20