Global Banking Giant SWIFT Ignites Mainstream Adoption With Ethereum Stablecoin Payment Test

SWIFT, the backbone of global financial messaging, has begun testing on-chain payments and messaging using Ethereum’s Layer 2 network Linea, in a move that signals deeper integration between traditional finance and ￰3￱ to the report, the project involves more than a dozen global banks, including BNP Paribas and BNY Mellon, and is exploring the use of a stablecoin-like token for ￰4￱ @TheBigWhale_ SWIFT chooses Linea for blockchain testing According to information gathered with @BukovskiBuko3 , SWIFT and several major global banks (including BNP Paribas and BNY) have chosen @LineaBuild , the Ethereum layer 2 developed by @Consensys , to experiment… ￰5￱ — Grégory Raymond (@gregory_raymond) September 26, 2025 The trial marks a significant step for SWIFT, which connects over 11,000 financial institutions and processes billions of messages annually.

Traditionally, SWIFT has functioned as a secure messaging service that transmits payment instructions between ￰6￱ Blockchain Pilot With Ethereum Could Redefine International Payments Initial tests seek to focus on on-chain messaging and settlement functions, with the interbank stablecoin token serving as a model for how financial institutions could settle transactions directly on blockchain ￰7￱ has emphasized that this effort goes beyond transmitting digital cash transfers, expanding its role into comprehensive on-chain ￰8￱ blockchain experiment seeks to extend this role into direct value transfer, potentially reducing reliance on multiple intermediaries and streamlining international settlements.

Notably, Linea was selected for its zk-rollup technology, which provides low-cost, high-throughput transactions while retaining Ethereum’s ￰9￱ design also emphasizes data privacy through advanced cryptographic proofs, a feature seen as essential for banks navigating strict compliance ￰10￱ experiment could take several months to materialize, but industry participants say it represents a major technological step forward for the interbank sector. A banking source described it as a “significant transformation” for international payments, which today remain dependent on intermediaries and cumbersome legacy ￰11￱ collaboration with Linea also builds on SWIFT’s earlier experiments in blockchain ￰12￱ recent years, the network partnered with Chainlink to test cross-chain communication ￰13￱ messaging system SWIFT has partnered with price oracle provider @chainlink ( #LINK ) to work on a proof-of-concept (POC) project which would allow traditional finance firms to transact across blockchain networks. ￰0￱ — ￰14￱ (@cryptonews) September 29, 2022 In August 2023, SWIFT published the results of a series of trials examining how tokenized value can be transferred across both public and private ￰15￱ the time, the organization said the findings could help ease barriers that have slowed the expansion of tokenized asset markets, creating conditions for them to scale more efficiently on a global level as they continue to ￰16￱ Ethereum, the project reinforces its central role in financial experimentation.

Linea, launched by Consensys, is designed to scale Ethereum through zk-rollups, and its ecosystem is supported by the LINEA token, which rewards ETH stakers bridged onto the ￰17￱ leveraging Ethereum’s security while introducing cost-efficient settlement, the Layer 2 platform has positioned itself as a bridge between traditional finance and decentralized ￰18￱ and Big Tech Circle Stablecoin as Adoption Accelerates Stablecoins are moving from niche crypto instruments into the mainstream of global finance, with adoption accelerating across technology, payments, and ￰19￱ market now exceeds $230 billion in value , led by Tether (USDT) and Circle (USDC), according to Morningstar ￰20￱ warns stablecoins could drain ￰21￱ deposits & payment fees. $230B+ market now dominated by USDT & USDC. #Stablecoins #Banks ￰1￱ — ￰22￱ (@cryptonews) August 19, 2025 Their rise has been fueled by speed and cost advantages: transactions settle instantly at minimal fees, compared with up to $50 and multi-day delays on traditional rails like SWIFT or wire ￰23￱ volumes are ￰24￱ data shows USDT clearing over $1 trillion per month this year, while USDC peaked at more than $3 trillion in activity last ￰25￱ is also reshaping the ￰26￱ the ￰27￱ of its first federal stablecoin law in July , banks are weighing launches of their own ￰28￱ warn that widespread use could divert deposits and payment revenues away from traditional banks, with the Bank for International Settlements noting stablecoins already account for 1.5% of ￰29￱ tech is taking notice.

Apple, Airbnb, Uber, and X have all held early talks on stablecoin integration , while Google Cloud has already accepted PYUSD ￰30￱ September 16, Google announced a new AI-focused payment framework supporting stablecoins alongside card networks, developed with Coinbase and the Ethereum ￰31￱ announced stablecoin support for its new AI payment framework, partnering with Coinbase and Ethereum Foundation to enable seamless AI agent transactions. #Google #Stablecoin ￰2￱ — ￰32￱ (@cryptonews) September 16, 2025 Institutional infrastructure is expanding in parallel. Fireblocks, a crypto services firm valued at $8 billion, has launched a stablecoin payments network with more than 40 participants, including Circle and Stripe-owned ￰33￱ system supports multiple stablecoins and is designed for enterprise cross-border transactions, with pilots underway in Japan.

Together, these moves point to a financial system where dollar-pegged digital tokens operate alongside, and potentially in competition with, legacy banking rails.