SWIFT, the international network connecting more than 11,000 banks, will add a blockchain-based infrastructure to process stablecoin payments. Coinbase highlights that the move legitimizes the use of these assets and could accelerate their adoption in markets such as Argentina.
Buenos Aires, October 7, 2025 – In late September it was formalized that SWIFT, the world’s leading interbank payments network, incorporated a shared blockchain for processing transactions with stablecoins. This decision marks a turning point in the integration between the traditional financial system and the crypto ecosystem.
“SWIFT incorporating a shared blockchain for the use of stablecoins is a milestone for global finance, because it makes it easier for banks around the world to integrate these assets into their cross-border payment operations at lower cost and with greater security,” explained Matías Alberti, Country Manager of Coinbase in Argentina.
“This step comes at a time when stablecoin transactions already exceed $3 trillion per month, consolidating them as the most dynamic infrastructure in the crypto ecosystem,” Alberti added.
This measure will allow operations with these currencies to be carried out under global banking standards, reducing integration costs and times for financial institutions.
Exciting numbers
Interest in stablecoins is already reflected in the numbers: in September alone, global transactions with these digital currencies exceeded $3 trillion, a volume far above that of the main traditional retail payment networks. With this institutional backing, their use could expand even further and offer better conditions for users and businesses.
In Argentina, the use of stablecoins such as USDC is much more widespread than in other markets, as they serve as a hedge against the volatility of the peso and as a fast way to move money between accounts inside and outside the country.
“SWIFT’s decision could accelerate the legitimization of these practices and bring the traditional financial system closer to what is already an everyday reality for many Argentine users,” Alberti highlighted.
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Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than one billion people. We are updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support developers who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules so that the benefits of crypto are available around the world.
