Oh, hello there! So, you want to know about the latest development in the world of finance? Well, buckle up, folks! The U.S. Federal Reserve has finally adopted ISO 20022 for its Fedwire Funds Service 🎉. And, guess what? Several cryptocurrencies, including XRP, Stellar, Algorand, and Cardano, are already compliant with this shiny new international messaging standard 🤩.
Fedwire, the U.S. central bank’s real-time gross settlement system, is joining the 21st century by adopting this standard to enhance cross-border payments 🌎. It’s about time, don’t you think? I mean, who doesn’t love faster, more secure, and interoperable payments? 💸
The Compliant Crew: XRP, XLM, ALGO, and More
So, what does this mean for the financial institutions using Fedwire? Well, they’ll have to start speaking the same language, aka ISO 20022, which is already in operation across multiple countries 🌍. It’s like a big game of financial telephone, but with fewer errors and more efficiency 📞.
This new standard takes effect on July 14, 2025, so mark your calendars, folks! 📅 As top banks look to tap into blockchain projects, those that are ISO 20022 compliant will have a better chance of traction 🚀. And, let’s be real, who doesn’t love speed and programmable settlements? 🤖
Ripple‘s XRP, Stellar, Cardano, and Algorand are among the cool kids meeting this standard 🤓. Others, like Quant and Hedera, are also part of the club 🤝. XRP remains the most prominent cross-border crypto asset, thanks to Ripple’s On-Demand Liquidity platform and its many banking BFFs 🤜🤛.
These tokens have seen some notable price spikes over the past 24 hours, with XRP, XLM, and ADA reaching key technical levels 📊. It’s like a game of crypto musical chairs, but with more money and fewer chairs 🎶.
ALGO Price: Bulls Hit 4-Month High 🚀
Algorand, a layer-1 proof-of-stake blockchain, is among the tokens surging in response to the Fedwire news 📰. The ALGO token’s price has climbed 10% in the past 24 hours, extending weekly gains to over 61% as it breaks above $0.30 📈. The rally comes alongside a 95% surge in daily trading volume, now above $688 million 💸.
Meanwhile, data from Coinglass shows Algorand derivatives volume has increased by more than 112% to $919 million 📊. Open interest has also climbed, rising 24% to over $153 million, metrics that point to growing bullish sentiment around ALGO’s short-term outlook 🤔.
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2025-07-14 20:43