Swift's blockchain-based ledger has launched and is being used by major financial institutions, with at least 19 banks expected to join by year-end. The system enables 24/7 payments through tokenized deposits across five major currencies.
Two posts discuss stablecoin infrastructure and regulatory developments. Kava highlights the challenge of making dollar-backed stablecoins cheap and fast for everyday use. Stephanie Starr notes multiple significant October 1 events including Florida's stablecoin framework launch, Fed officials' speeches, SIBOS 2026's final day in Miami, and DTCC's tokenization service beginning its launch month.
Chainlink confirmed at Sibos that it is enabling financial institutions to connect to Swift's blockchain ledger for cross-border payments, with 17 banks across six continents preparing to pilot tokenized deposit transactions. The integration uses Chainlink's CRE for orchestration while banks retain control of transaction keys, with Swift's ledger designed to support 24/7 settlements across multiple connected distributed ledgers.
Ethereum ecosystem posts gain momentum on X with discussions of infrastructure upgrades and price movements. Jan Nieuwenhuijs highlights programmable money initiatives at Sibos in Miami, while traders note potential bullish signals with Ethereum potentially reaching $3,000 and related tokens showing strength.