Swift Embraces Blockchain as Stablecoins Challenge Global Payments

Swift is accelerating its blockchain strategy as stablecoins and tokenized deposits reshape the global cross-border payments market, raising questions about whether the 53-year-old financial messaging network can maintain its dominant role. Blockchain payment networks promise faster, cheaper and round-the-clock settlement, potentially reducing dependence on traditional correspondent banking. Chris Maurice, CEO of stablecoin payments provider Yellow Card, argues that expanding blockchain infrastructure could eventually make legacy Swift solutions unnecessary. Swift, however, is adapting. The…  Read more

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