What we do know so far

Reports suggest SWIFT is working on “on-chain messaging” via Linea (a zkEVM / Layer-2 blockchain) and exploring a stablecoin-like token.

Linea already supports native USDC (after upgrading from a bridged USDC standard) which gives it stronger footing for institutional use.

The move is being framed as SWIFT trying to modernize interbank messaging, settlement, and cross-border payments — using blockchain rails rather than just legacy messaging + correspondent banking.

So, yes — there is substance here, not just hype.

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Why SWIFT choosing Linea makes sense (and is significant)