stablecoin

SWIFT and Societe Generale's digital asset subsidiary, SG-Forge, successfully completed a test of tokenized bond settlement using the EUR CoinVertible (EURCV), a euro-pegged stablecoin that is compliant with the European Union's Markets in Crypto-Assets (MiCA) framework. The trial, conducted in early 2025, demonstrated the effective connection between traditional financial systems and blockchain technology.
Test Details and Findings
The collaboration showcased how SWIFT's existing infrastructure can facilitate the full lifecycle of tokenized bond transactions when integrated with blockchain assets, without institutions needing to abandon their current systems.
Key Use Cases Demonstrated: The test successfully covered essential market operations for tokenized bonds, including issuance, delivery-versus-payment (DvP) settlement, coupon (interest) payments, and redemption.
Technology Integration: The pilot successfully integrated the global financial messaging standard ISO 20022 with on-chain settlement assets, enabling faster, secure, and compliant operational processes.
Participants: In addition to SWIFT and SG-Forge, BNP Paribas Securities Services and Intesa Sanpaolo acted as paying agents and custodians during the transactions, confirming that tokenized assets can integrate with established market roles.
MiCA Compliance: The use of the MiCA-compliant EURCV stablecoin as a settlement asset addressed significant regulatory barriers, enhancing market confidence and paving the way for broader institutional adoption of digital assets within the EU legal framework.
Future Outlook
This successful test is a significant step toward the mainstream adoption of asset tokenization in capital markets. SWIFT plans to build on these findings by integrating a blockchain-based shared ledger into its technology stack, which will initially focus on enabling real-time, 24/7 cross-border payments. The initiative highlights the potential for collaboration and interoperability to shape the future of finance, blending the resilience of traditional finance with the efficiency of emerging technologies.
#Swift #SocieteGenerale #MiCA #stablecoin #Tokenization

Банк Таїланду (Bank of Thailand, BOT) оголосив про посилення нагляду за транзакціями, що здійснюються з використанням стейблкоїна USDT. Це рішення є частиною ширшої стратегії регуляторів по всьому світу щодо посилення контролю над ринком цифрових активів, особливо стабільних монет, які відіграють ключову роль у криптоекосистемі.
Основні причини такого кроку з боку тайського центробанку:
* Запобігання відмиванню грошей (AML): USDT, будучи найбільшим стейблкоїном, часто використовується для транскордонних переказів, що може приваблювати злочинців для відмивання коштів.
* Фінансування тероризму (CTF): Контроль за потоками USDT допоможе боротися з потенційним фінансуванням незаконної діяльності.
* Захист споживачів: Забезпечення прозорості та стабільності фінансової системи, а також захист інвесторів від ризиків, пов'язаних з криптоактивами.
* Моніторинг фінансової стабільності: Розуміння впливу стейблкоїнів на традиційну фінансову систему країни.
Цей крок Банку Таїланду є яскравим прикладом того, як регулятори адаптуються до зростаючого використання криптовалют, впроваджуючи механізми відстеження та контролю. Це може призвести до підвищення прозорості та легітимізації стейблкоїнів, але також створює виклики для прихильників повної анонімності.
⚡️ Щоб отримувати всі найважливіші оновлення щодо регулювання стейблкоїнів та криптоактивів у Азії та світі — підписуйтесь на #MiningUpdates !
#BankOfThailand #USDT #stablecoin #CryptoRegulation #aml #CTF #BlockchainMonitoring #DigitalAssets #ThailandCrypto #FinancialStability

Pakistan has announced a partnership with SC Financial Technologies to explore the use of a U.S. dollar–denominated stablecoin for cross-border payments. The firm is linked to World Liberty Financial, a decentralized finance protocol founded by members of the Trump family, making this one of the first publicly acknowledged collaborations between a Trump-affiliated crypto venture and a national government.
According to sources familiar with the matter, World Liberty Financial will work with the State Bank of Pakistan (SBP) to integrate the $1 stablecoin into the country’s regulated digital payments framework. The token is expected to operate within Pakistan’s emerging digital currency system and streamline international transfers, particularly remittances.

Limited Details, Heightened Scrutiny
Pakistani officials have not disclosed specific terms of the agreement, and SC Financial Technologies has released few operational details. Even so, the partnership has drawn significant attention as a precedent-setting state engagement with a crypto project that has U.S. political ties.
Sources say the agreement is expected to be formalized during a visit to Islamabad by Zach Witkoff, co-founder and CEO of World Liberty Financial and CEO of SC Financial Technologies.

Questions Around Transactions and Funding
World Liberty Financial has also been linked to discussions around large transactions. Analysts point to a scenario in which Abu Dhabi–based investment firm MGX reportedly used stablecoins associated with World Liberty to help finance a $2 billion stake purchase in Binance, the world’s largest crypto exchange. These reports have heightened interest among regulators and market participants regarding the origin and use of the tokens.

Pakistan Pushes to Become a Crypto Hub
At the same time, Pakistan is accelerating its crypto infrastructure build-out with the stated aim of becoming a global center for digital assets. Recent steps include:
Establishing the Pakistan Virtual Assets Regulatory Authority,Allowing exchanges such as Binance and HTX to operate domestically,Exploring the creation of a Bitcoin reserve, andAssessing real-world asset tokenization to attract foreign investment and boost liquidity.
Meanwhile, World Liberty Financial has launched World Liberty Markets, a platform designed to expand the utility of its stablecoin by enabling lending and the use of collateral such as Ethereum, tokenized Bitcoin, and major stablecoins.

What It Means
The agreement signals a convergence of state digital payment systems and DeFi tools, while raising questions about transparency, governance, and geopolitical considerations. For Pakistan, it marks another step toward financial modernization; for the market, it serves as a test of whether a regulated stablecoin tied to a politically connected project can be safely integrated into national financial infrastructure.

#Pakistan , #stablecoin , #crypto , #TRUMP , #CryptoNews

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