Core Insights - ISO 20022 has become the universal standard for financial messaging, replacing SWIFT's legacy format on November 22 [1][5] - The integration of stablecoins and tokenized deposits is a significant advantage of the new standard, allowing for a broader range of digital asset transactions [1][5] - Not all stablecoins are equally integrated into ISO 20022 systems, highlighting the need for standardized identifiers for effective use [5][6] Summary by Sections How ISO 20022 Treats Stablecoins - ISO 20022 is asset-agnostic, allowing for the description of various settlement assets, including traditional fiat transfers, tokenized swaps, and stablecoin payments [2] - The standard does not endorse or prohibit any specific stablecoin, functioning instead as a messaging language for banks and market infrastructures [2] Identifier Codes for Crypto - The traditional ISIN system is being supplemented by ISO 24165, which provides unique alphanumeric codes for blockchain-based digital assets [3] - Most mainstream stablecoins now possess Digital Token Identifiers (DTI) for each instance across different networks, facilitating their identification [3] Compliance and Integration - The notion that some blockchains are compatible with ISO 20022 while others are not is misleading; the focus should be on whether a stablecoin can be clearly identified within ISO 20022 flows [6] - For deep integration into traditional finance, stablecoins require universally accepted DTI registrations that are mapped to an official ISIN [6]