Home
News
Details

SWIFT Builds Blockchain Ledger with 30+ Banks, Ethereum Exchange Supply Hits 2016 Lows

iconCoinpaper
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$2,971.60-1.94%
SWIFT is building a blockchain-based ledger with over 30 banks, focusing on real-time cross-border payments. The project, developed with Consensys, ties into Ethereum scaling via Linea. Ethereum’s exchange supply ratio has fallen to 0.137, the lowest since 2016, per CryptoQuant. This points to less ETH on exchanges, possibly due to institutional accumulation. The blockchain project shows growing interest in decentralized solutions for financial infrastructure.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.