Tag Archives: stablecoins

SWIFT Trials Blockchain Payments, Introducing Competition for Ripple

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The post SWIFT Trials Blockchain Payments, Introducing Competition for Ripple appeared com. TLDR SWIFT is testing blockchain-based transactions using Ethereum Layer 2 platform Linea. The pilot involves major banks including BNP Paribas and BNY Mellon. SWIFT aims to reduce costs and enhance transparency by combining payment instructions and settlement in one on-chain transaction. The pilot could challenge Ripples cross-border payment model by offering a blockchain-based solution for banks. SWIFT is exploring stablecoins and interbank tokens as part of its blockchain pilot. SWIFT has selected Ethereum Layer 2 platform Linea to test blockchain-based transactions, signaling a challenge to Ripple. The pilot project involves major banks, including BNP Paribas and BNY Mellon. It aims to move SWIFTs messaging system on-chain, providing real-time monitoring and cost reductions. SWIFTs Blockchain Trial with Linea SWIFT, the world’s largest interbank messaging network, is conducting a blockchain trial on Linea. The platform, developed by ConsenSys, enhances Ethereums scalability and privacy. SWIFT aims to improve payment systems by combining payment instructions and settlement into one on-chain transaction. The trial targets operational efficiency, compliance, and confidentiality. It also promises to reduce payment costs. With SWIFT linking over 11, 000 financial institutions globally, this project could reshape cross-border transactions. All our information is available in our article Gregory Raymond (@gregory_raymond) September 26, 2025 SWIFT’s exploration of blockchain technology is a significant move. According to SWIFT executive Tom Zschach, banks will favor regulated stablecoins and tokenized deposits. This pilot offers a potential alternative to Ripple’s system, which has been gaining traction for cross-border payments. Ripple Faces New Competition from SWIFT Ripple, a long-time challenger to SWIFT, may face increased competition with this pilot. The blockchain network is known for its low fees and fast transaction times. SWIFTs move into blockchain could threaten Ripple’s position in the payments sector. Ripples model already uses tokenized messaging and settlement, reducing reliance on SWIFTs infrastructure. However, SWIFTs. Continue reading SWIFT Trials Blockchain Payments, Introducing Competition for Ripple→

CFTC Moves to Add Stablecoins in Derivatives Collateral

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The post CFTC Moves to Add Stablecoins com. CFTC aims to bring stablecoins into the $600T U. S. derivatives market. Coinbase, Ripple, and Circle back Caroline Phams tokenized collateral plan. Public comments open until October 20 before rulemaking is finalized. The U. S. Commodity Futures Trading Commission (CFTC) is preparing to let stablecoins and other tokenized assets serve as collateral in Americas $600 trillion derivatives market. Acting chair Caroline Pham said the work is part of the agencys crypto sprint, aimed at cutting costs and boosting liquidity without losing oversight. Since January, the CFTC has been taking steps to bring blockchain into derivatives markets, Pham said. She framed tokenized collateral as a way to modernize collateral management and unlock capital efficiency. How the Plan Works The CFTC will work with industry leaders including Ripple, Coinbase, Circle, and Crypto. com to shape the rollout. Coinbase CLO Paul Grewal called the shift a major step forward for U. S. markets. He argued that tokenized collateral backed by stablecoins will reduce costs, deepen liquidity, and improve efficiency across the board. Tokenized collateral and stablecoins can unlock US derivatives markets and put us ahead of global competition. Really exciting to see @CFTC put together this initiative to modernize the market by increasing efficiency, reducing costs, and upping liquidity to the benefit of all. paulgrewal. eth (@iampaulgrewal) September 23, 2025 Circle president Heath Tarbert said the plan builds on the GENIUS Act and the Trump administrations Digital Asset Markets report. Both laid the groundwork for regulated use of blockchain in U. S. finance. Crypto. com CEO Kris Marszalek went further, saying the CFTCs push could mark Americas Golden Age of crypto. He pointed to the potential use of Bitcoin and other non-cash collateral to widen access to U. S. derivatives markets. Related: SEC and CFTC Issue Vague Crypto Statement, But Lawyers Say Nothing Has Changed The CFTC is inviting. Continue reading CFTC Moves to Add Stablecoins in Derivatives Collateral→