21 July 2026
Swift's shared ledger is the banking sector's answer to stablecoins.
Swift declared its shared ledger ready for use on 9 July, with seventeen banks, HSBC, UBS, Lloyds and Standard Chartered among them, set to pilot tokenised deposit transfers 24/7. A bank-issued deposit token and a stablecoin can look identical in a wallet. The legal perimeter behind each is not.
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