SWIFT Says Stablecoins Won’t Disrupt Finance, Will Coexist for Specific Use Cases
At the WeX2025 summit in Tokyo, SWIFT’s East Asia head Mitsuru Kayahana stated stablecoins will not dramatically alter existing financial systems, serving instead specific client segments and use cases. Kayahana highlighted that stablecoins and traditional banking will coexist, complementing cross-border payments as SWIFT builds interoperability bridges among CBDCs, private stablecoins, and tokenized deposits. SWIFT is collaborating with East Asian financial institutions to ensure regulatory compliance and security, upholding a neutral platform approach. Major payment players like Visa, Mastercard, and PayPal (via PYUSD) are similarly integrating stablecoin settlements, underscoring the evolving role of stablecoins in digital finance.
Neutral
SWIFT’s comments are unlikely to significantly shift stablecoin market dynamics, as they affirm coexistence rather than disruption. Traders can expect minimal volatility from this news, given it does not introduce new regulations or products. In the short term, the market may see slight upticks in digital asset interoperability projects, but core stablecoin prices and broader crypto markets should remain steady. Historically, similar statements from financial institutions have had a neutral effect, neither spurring bullish rallies nor inducing sell-offs. Long-term, SWIFT’s focus on interoperability could enhance institutional adoption of stablecoins, but this impact will unfold gradually.