Market Trends in Cryptocurrencies Corresponding to ISO20022: Deployment of Ripple, Cardano, and Eight Other Coins

SWIFT has announced the international financial messaging standard “iso20022,” which aims to bring about a major transformation in the global financial system. The deadline for migration to this standard is 2025, and now that 2026 has arrived, its impact is beginning to appear in the cryptocurrency market. Notably, only eight cryptocurrencies are currently aligned with this new standard, and they have shown unique performance in recent market trends.

What is iso20022: Background of SWIFT Standard Transition

iso20022 is a standard designed by the International Organization for Standardization (ISO) to unify communication between financial institutions, enabling automatic data exchange between systems. This standard is expected to make information transfer between different financial institutions more efficient than ever before.

SWIFT has been functioning as the world’s most important interbank payment system for over 50 years. The full migration to iso20022 requires all financial institutions to adapt. Compliance with this standard is a key indicator of a cryptocurrency project’s compatibility with the international financial system.

Eight Cryptocurrencies Compliant with iso20022

Currently, eight cryptocurrencies are known to be compliant with iso20022. These include Ripple’s XRP, Cardano’s ADA, Stellar’s XLM, Hedera’s HBAR, Algorand’s ALGO, Quant’s QNT, IOTA, and XDC. Interestingly, Bitcoin and Ethereum (the world’s two largest cryptocurrencies) are not compatible with iso20022. This is because both were established in 2009 and 2015 respectively, long before the standard was announced.

Among these eight, Ripple was the first to align XRP with iso20022, thanks to its independence as a private company. In contrast, decentralized projects like Bitcoin and Ethereum cannot decide independently to adopt such standards.

Ripple (XRP): Leader in the iso20022 Market

XRP is the most notable among cryptocurrencies compliant with iso20022. As of October 2024, XRP was priced below $0.6, but it experienced a dramatic rise due to market changes. Triggered by shifts in US political circumstances, it surged to $1.1 and then further to $2.7.

Between 2025 and early 2026, XRP surpassed the $3 level for the first time in seven years, reaching $3.2. This rise was largely due to its re-recognition as an iso20022-compliant currency. However, it still has not reached the all-time high of $3.8 recorded in January 2018. At that time, a sensational speculative bubble caused a 1,400% increase in just one month, followed by a bear market that drove the price below $0.2.

Cardano (ADA): Steady Growth Trend

Cardano’s ADA, ranked second in market capitalization among iso20022-compliant cryptocurrencies, has shown steady performance during both bull and bear markets. Its price, which was below $0.4 in October 2024, later rose above $1.2.

Unlike XRP, ADA’s increase from 2025 to early 2026 was less vigorous. Its all-time high of $3.1 recorded in 2021 remains a distant goal. Currently, its price slightly exceeds the 2018 peak, indicating that the impact of iso20022 on ADA has not yet fully manifested.

Emerging Potential Currencies: Stellar, Hedera, Algorand

Stellar’s XLM shows a pattern similar to XRP’s market development. While XRP faced SEC issues at the end of 2020, XLM reached an all-time high of $0.9 in 2021. From below $0.1 in October 2024, it later surpassed $0.5, but is now experiencing some correction. It remains far from its 2021 high and is approaching the 2018 peak.

Hedera’s HBAR has exhibited different trend patterns since its launch in 2019. Its all-time high in 2021 is comparable to recent peaks, leaving room for further upward movement. From below $0.05 in October 2024, it surged past $0.36 due to political changes. After a correction to $0.25, it is now entering a new upward trend from 2025 to early 2026, showing a pattern similar to XRP.

Cryptocurrencies Facing Challenges: ALGO and IOTA

Algorand’s ALGO and IOTA have faced difficult periods throughout their histories. ALGO has fallen over 85% from its all-time high, while IOTA has experienced a decline of more than 90%.

Between 2025 and early 2026, both show signs of recovery, but the gains are still limited. ALGO rose from $0.1 to $0.5, far from its 2019 high of $3.2. IOTA similarly increased from $0.1 to $0.4, still distant from its December 2017 peak of $5.7. Neither has recovered to their 2021 peaks, but they potentially have room for growth. However, they are still regarded as projects with a clear long-term downward trend.

QNT and XDC: Two Projects on Different Trajectories

Quant’s QNT and China’s XDC have followed different market paths. QNT has declined 72% from its recent high, while XDC has fallen 30%. Despite different trends, both tend to follow the overall cryptocurrency market cycle.

Until October 2024, QNT was in a severe downturn near the 2022 bear market lows. XDC experienced a significant rise due to political changes, climbing from $0.03 to over $0.09 between November and December, and surpassing $0.13 into early 2026.

QNT increased from $56 to $165 during the same period but then corrected below $120. This high volatility suggests that the recognition of iso20022 compliance is not yet fully embedded in the market.

Market Outlook for iso20022 Cryptocurrencies in 2026

As the full migration to iso20022 progresses, investor interest in compliant cryptocurrencies is likely to increase. As integration with the international financial system deepens, these eight cryptocurrencies will establish their own positions. In particular, Ripple’s XRP, as one of the largest projects aligned with iso20022, is expected to continue attracting market attention.

Meanwhile, challenged projects like ALGO and IOTA may find opportunities for recovery as iso20022 implementation advances. The key point is that their price movements are supported not only by speculative market cycles but also by structural factors related to the adoption of international financial standards. Alignment with iso20022 will become an important indicator of the cryptocurrency industry’s integration with traditional finance.