🚨 MT & ISO 20022 Coexistence Ends This Weekend - What It Means for Compliant Cryptos Like $XLM
The long coexistence between MT and ISO 20022 message standards officially ends this weekend A As SWIFT's 22 November deadline arrives, all institution-to-institution payment messages must shift exclusively to ISO 20022 starting Saturday.
💼 ISO 20022 is now powering cross-border wires, securities transactions, and even blockchain networks including those using XLM that want to connect with traditional finance.
🏦 Banks, Blockchain Networks & Crypto Prepare for the Cutover SWIFT has already warned institutions on X: don't send messages between Saturday 15:00 GMT and Sunday 05:00
🌎 Over 70+ countries - including Canada, Japan, and the entire Eurozone
have already processed payments using the new standard.
The U.S. joined in July, upgrading Fedwire, which moves ~$4.7T daily.
With President Trump's pro-crypto stance, ISO-compliant digital assets could soon appear in Fed-related rails.
This position XLM as one of the very few assets ready for integration with banking systems, government payments, and future digital currency frameworks.
⚙️ Why It Matters:
ISO 20022 allows structured, clean, bank-friendly data meaning compliant assets like $XLM have a far better chance of being considered for real financial rails compared to non-compliant tokens.
SWIFT has already tested ISO 20022 connectivity with Ripple for interbank settlements & CBDCs, while Stellar ($XLM) has been trialed for cross-border transfers and stablecoin flows
📉 The New Standard Aims to Reduce Payment Failures
A Datos Insights report found that:
33% of banks see 1-3% of domestic payments fail
24% see 4-5% fail
11% see 6-8% fail
