Web3
Tether and USDC Confront SWIFT’s 17-Bank Tokenized-Deposit Ledger
COINOTAG·July 18, 2026·1 min read
SWIFT activated a blockchain-based shared ledger on July 9, 2026, with 17 major banks including Citi, HSBC, UBS, and BNP Paribas. The system challenges stablecoins like Tether and USDC by offering tokenized deposits on a shared ledger, potentially reshaping cross-border payment infrastructure.
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