Stellar and US Bank's USBDC: Checking the ISO 20022 Coin List

But, as of the 22nd of November 25, which is the date of the the standards release, we end the coexistence period for cross-border payments uh instructions. And so, at that moment, all payment instructions must be exchanged in in ISO 2002 format, and we will no no longer allow the exchange of FIN payment instructions.

That's Swift, the network the banks use to talk to each other. And on the 22nd of November last year, they did it. The banks switched to a new language, and for payments, the old one got switched off. But, the list of coins that are meant to be built for that switch, the ones you've seen a hundred times, never came from Swift. It came from one news article 3 days before Christmas 2021.

And for three names on it, all it had behind it was one tweet. Three things still to come. The standards' own website answers word for word which cryptocurrencies are compliant, and I'll get you to read it on your own phone. There's one line in that article on how Stellar got on the list, and one of America's biggest banks has already sent its own dollar on one of these coins. If part of your bag came off that list, I'm right there with you, because I've bought off an ISO compliant post myself.

And there's a link in the description, the first one. It's changed how a lot of people handle the big calls on coins like these, and I'll tell you why before we're 5 minutes in. So, if you're holding any of these coins, it comes down to one question. When a list says our coins are plugged into the banks, who do we actually believe? By the end, I'll show you the check that answers it, coin by coin, and the three decisions it leaves anyone holding a proper bag.

Right, so picture it. It's the 22nd of December 2021, and a news writer at a site called InvestorPlace puts out five compliant cryptos to keep an eye on. His five were XRP, Stellar, XDC, IOTA, and Algorand. Then he tracks on three more he calls rumored to be compliant, Hedera, Quant, and Cardano. And what holds that rumor up is a link to one tweet.

Within two days it was being shared on crypto Twitter, and nearly five years on it, it's still going round. Tangem, the wallet company, updated its ISO compliant coins page back in June. And it's the same eight coins, which is wild, because the switch itself was real. The standard's been around since 2004, and if you've never had it explained, it's basically one shared language for payment messages. So, a bank in Tokyo and a bank in Manchester, England fill in the same boxes.

And here's Swift's head of market infrastructures back in 2018.

Well, market infrastructures are looking for a common language that they can use to to talk to each other and to their participants. They need a a single language that they can use to do their financial communications. ISO 20022 is the language of of choice currently.

A common language. That's all it ever was. And since last November, the banks on Swift are speaking it. For me, the switch is massive, and the list was always a separate thing. Finding the tweets the fun bit, okay?

But what matters is how much of our money went in off the back of it. Right, welcome back to Bull Runners. It's me, a coffee, and a nearly five-year-old article. So, tell me what you reckon in the comments. I'll give you the good and the bad on this one, because when it's your money on the line, you want the whole story.

[music]

You know the post I mean, don't you? A list of coins with a green tick next to each one, shared by an account with no name on it and nobody you can ring to ask if it's true. One video says these coins are the future of banking. The next says they're finished and the banks have got whole teams working out. Nobody hands us a plan for any of it and I know that feeling.

Back when I started trading, everyone around me told me I was an idiot and a family member told me to go and get a real job. Then the money started coming in and suddenly they are all my best mates. And I know a lot of us have heard the same at family dinners, which is half the reason we grab any list that says we were right. And that's exactly why that first link's there. Instead of guessing which list to believe, you've got a research team reading this stuff every week and it starts with a short free video and a free chat about your own coins.

And I'll tell you properly at the end, but if this is already hitting home, have a look. So back to that article because the whole list hangs on one word, compliant. And the strange thing is the article never says what it means. It says the five stick to the standards compliance requirements and never once what those are or who checked. The only reason it actually gives is this.

Ripple and Stellar, it says, are members of the standards body itself. Ripple did join back in 2020, but read the next bit slowly because it's easy to miss. Stellar, it says, is part of that body through IBM. So the reason was IBM because IBM had been using Stellar for a payments project. That's the line I promised you and it's mad because the case for Stellar on a list that's been shared for nearly five years was another company.

And remember what the standard even is. This is HSBC explaining it. So, ISO 20022 is a standard supporting financial messaging and it uses extensible markup language or XML syntax. So, XML people are all familiar with. It's been implemented by banks, corporations, payment systems, and and financial application providers to conduct payment operations and it's currently used by number of real-time payment schemes and in some domestic RTGS and ACH markets around the globe.

A standard supporting financial messaging. So, it's the boxes on the form that goes with the payment and the money itself moves somewhere else. And that's what winds me up because nobody selling the list ever says it. The same article got run again on Nasdaq. Then, in 2023, there was a new one, seven compliant cryptos.

Tangem's page even admits in the small print that nobody certifies it and still puts the label in the headline. And that's our coins and our money sat on a label nobody ever had to put their name to. That's the sort of thing the research team digs out for our members, by the way. The small print under the headlines. Meanwhile, the banks weren't sat waiting on a list.

Here's the chair of Swift board two months before the switch.

Yes, we we have our ISO 20022 program finally moving to the next phase and in November. And at that point, we will now have migrated the the full volume traffic into the the new ISO structure.

The full volume. The banks on Swift moved over on a set date with a plan and a team for every step. Same switch we all were waiting on and they'd had years of planning for it. We backed coins we believed in and nobody ever told us what proof to look for. Now, the bit that stinks.

Remember that website I mentioned? This is the ISO 20022 site itself and there's a question on it. Are there any cryptocurrencies that are compliant? Well, the answer is cryptocurrencies are not inherently ISO 20022 compliant. And a little further up, there is no official certification authority for ISO 20022.

So, search ISO 20022 FAQ on your phone and it's right there. So, there's no certificate and there never was, but the next answer down is the one hardly anybody quotes. It says the blockchain itself isn't compliant, but payment firms and exchanges may build it into how they deal with the banks. So, a coin can't be compliant on its own, but the plumbing around it can be. And the question is, which of these coins have built a pipe into the banks and got a bank to use it?

And listen to Swift's own boss at Sibos in Frankfurt with over 12,000 people there that week on who actually decides.

And that's a fundamental point. Our focus will be on the infrastructure layer. You know, the types of tokens exchanged on the ledger, the money layer, this is a territory of commercial and central banks. And we'll be discussing with them

Did you catch who he said gets to choose? A territory of commercial and central banks. So, on Swift's [snorts] own system, it's the banks that pick the money that moves and no list can pick for them. So, which of these coins has a bank actually using it then? Well, here's where the roll call starts.

And stick around because at the end, I'll tell you who from US Bank is going on stage in Lisbon and when. It's Stellar. On the 9th of September, US Bank, the fifth biggest bank in America, said it's had done a live pilot of its own dollar stablecoin called USBDC on Stellar. It was a cross-border payment between its own business in North America and Europe. And they tested everything a bank cares about, making the coins, paying them back out, and being able to freeze them.

So, that's a real bank sending its own dollar on Stellar rails this year. And that, to me, is the receipt the list never had. So, here's Stellar's boss on how long they've been building.

It's so funny because we always talk about the fact that we were doing stablecoins before it was a term. And it actually is true. When I first started at the foundation, we already had a bunch of fiat-backed assets on the network. And um it was just hard. The liquidity wasn't there.

You know, we had all the infrastructure. It's been ready for years. But

Ready for years. The pipes were laid long before the bank turned up. And here's one more to check yourself. On that same ISO website, there's a member list for the standards body. Ripple's on it.

Stellar isn't. And neither is IBM. So, the list reason for Stellar was never the story. And US Bank is. For me, that's worth more than any green tick.

That's what I call the receipt check. You go coin by coin and ask who's actually using it with a day and a name you can look up. So, here's one for free. Open whatever app your coins sit on. Find your ISO coins and look at when you first bought each one.

If it's that winter of 2021 into 2022, chances are the list bought it. And I've done exactly the same. That was the same winter plenty of us were being told UST was as good as a dollar. And Stellar isn't the only one with the receipt. Two of the others have got banks on their rails.

One of them, a central bank. And I'll run through them now. And US Bank's head of digital assets is on stage in Lisbon later this month, which I'll come back to at the very end. Quant first. On the 24th of September, seven British banks, so you've got Barclays, HSBC, Lloyds, Monzo, Nationwide, NatWest, and Santander made their first live customer payouts with pounds turned into tokens on a shared platform, the coverage says Quant Bill.

And that's the company behind the coin the list only called a rumor. Hedera in Australia's central bank trials called Project Acacior, Hedera's team says its private network built on Hedera's tech was one of the three platforms approved to hold the pilot's digital money from the Reserve Bank. Which beats a tweet, to be fair. XDC's pipe goes back to June 2022 when a messaging platform called Impel launched on its network sending ISO messages between firms with XDC as optional collateral to settle on the spot. And Algorand teamed up with a payments firm called No last November.

So, people building on it get the euro and dollar bank accounts that feed straight onto the chain. Here's XDC's own demo, and the short version is every message that gets stamped on the chain so nobody can change it.

Rolls up and creates a proof. Similar to like the roll-up mechanisms in the blockchain. So, it creates a roll-up of the messages and it creates a proof, and also the next step is creating a proof of the hash and put it on XDC blockchain for immutability and verification.

On XDC blockchain for immutability. So, every message leaves a fingerprint on XDC. So, that's two pipes, Bill, and now we're waiting on a big bank to use them. And for the record, XRP's company is the one that sits on that standards body, and even David Schwartz put it plainly back in 2023. ISO 20022 is a messaging standard for payments.

XRP is a cryptocurrency. So, for XRP, the receipt to watch is which banks use Ripple's pipes. IOTA and Cardano get exactly the same check. Some of you guys are going, "Fine. I'll just read the receipts myself." And you can, right?

But that's eight coins, eight teams, and releases landing every week in four different countries, and none of it tells you what your own bag should do about it. Look at the 9th of May 2022. 5 months after that list, UST sold to people as a digital dollar was down to 35 cents that day, and plenty of us have read every headline on it. The hard bit is knowing what to do with your own coins when the next one lands. And that's what the team works through with members every week.

My honest take? Well, the list started with a writer and a tweet, but some of those coins have gone and built the real thing since. I think there's a real chance more banks turn up on these rails. It might take longer than people want, and no list is going to tell you which ones, but the receipts will. And here's Standard Chartered on Swift's own panel on what the banks reckons comes next.

of the ability to carry digital information end-to-end, it also open up avenues for us to do settlement over other systems. Uh usage of ISO as a common language, opportunities for PSPs to plug into other systems, other rails, you know, other than the classical payment rails.

Other rails other than the classical payment rails. That's a bank saying other rails are on the table, and that's where I'd keep my eyes. So, quick recap. A writer built the list, and one tweet added three names. The standards own website says no coin is compliant on its own and the bank switched last November with a plan.

Now, Stellar's got a bank on its chain. Quant's tech is running under seven British banks and Hedera's been through a central bank trial while a lot of our bags are still riding on the label. And that leaves you and me with three decisions. Which of our list coins are sat on an exchange with someone else holding the keys? Are they doing anything while we wait for the next receipt or just sat there?

And what would make us move in or out when a bank turns up or doesn't? Because if we haven't decided, we'll end up deciding off the next list like we always have. So, for me, the time to get a plan sorted is before the next receipt lands. Now, most of us have bought off a list because it's all anyone gave us, not because we're daft. Nobody ever showed us what a receipt looks like.

And I'm not just saying that. That was me. I normally risk 3% on a trade, but once I went big on a story that the Ukraine conflict was about to be resolved and I went long on euro dollar with about 25 grand, 15% of my old account. I thought about moving my stop and we've all wanted to move that stop, but I decided against it. It hit the stop, I ate the loss hard and I'm glad I left it.

Nobody checked that story but me and I bet some of you have been there. Thing is, it's not hard to sort. That's what our private intelligence network is for, guys. Most of what I bring you on this channel comes from inside of it and in there, it goes a lot deeper than I can in one video. Basically, the research team digs into where this is heading and members here at first.

And every week there's a call where the team walks you through how they're reading it and when they're buying and taking profit themselves. So, you're not guessing or going off the next list that does the rounds. They'll help you get it on your own keys, so no bank or exchange can freeze it. They'll show you how to get what you're already holding earning instead of just sat there. And everyone in there's holding a decent bag and in it for the long haul, same as you and me.

Honestly, I'd be a lot further along myself if we started Altcoin Pro sooner. And if you open your app earlier and half your bag was bought the winter that list came out, the same winter UST was meant to be a dollar, that's exactly what the 15 minutes is for. Working out who to believe is half the battle, isn't it? One of our members followed us for several months before joining in May. This is a real review they left on Trustpilot, so you can look it up.

They found the team extremely knowledgeable, professional, and most importantly to them, kind. And they say the more you get stuck in, the more you learn. That's what it looks like when you finally got people you can ask. Now, results like that are exceptional and they didn't happen by sitting still, so be exceptional. Look, you could leave it and hope the timing works out or try and piece it together yourself at midnight chasing Altcoin lists like we all have.

I'd rather you just spent 15 minutes with the team and came away with a plan for your bag. It's free and worst case you come away clearer. So, here's what I do. Tap more under this video and hit the very first link. Watch the short free briefing, then book your free 15-minute call with someone on the team right underneath it.

They'll go through where you're at with your crypto and tell you straight whether it's a fit for you. That's the first link. Pause this, do it now, and come straight back. I'll be right here. It's built for people holding $50,000 or more in crypto, and if that's not you yet, that's absolutely fine.

Keep watching these videos with me. They're up every day. They're free and we'll keep learning this together. None of this is financial advice, guys. It's just my take after a lot of digging.

Crypto carries risk. What happened before is no guarantee of what happens next. And our members results aren't a promise of yours. Your keys stay with you the whole time and the team never needs them and that's how it should be. So, stick with me, subscribe, and there's a new one every day.

If you bought one of these off that list yourself, stick holding in the comments. And keep an eye on Lisbon on the 28th and 29th of October because Jamie Walker, US Bank's Head of Digital Assets, is on the speaker list at Stellar's big conference and that's where we'll hear what comes after the pilot. Thanks for watching, guys. Keep your head, stack with purpose, and I'll keep you posted.

[singing] [music] [music]