Swift is set to integrate a blockchain-based ledger into its systems, focusing initially on cross-border transactions. The project, developed in collaboration with Consensys, will involve over 30 financial institutions to streamline payment processes across different networks.

Bolt has introduced stablecoin payments to enhance cross-border commerce for merchants and consumers, offering faster settlements and lower transaction fees. This initiative, part of Bolt Connect, aims to simplify the payment process for digital marketplaces and aligns with a growing trend among global payment firms to adopt stablecoins amidst increasing regulatory support in the U.S.