SWIFT Defends Its Name as Dollar Faces Shifts in Global Finance
Oct/01/2025
On September 30, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) lodged a U.S. opposition against SwiftBase Technologies’ trademark bid, arguing the name encroaches on its globally recognized brand. The dispute comes as SWIFT’s network data underline the enduring dominance of the dollar and euro, which together accounted for over 70% of international transfers in August 2025, leaving China’s yuan a distant eighth despite the country’s vast reserves. Yet the system through which SWIFT operates sits at the heart of debates over de-dollarization, as BRICS nations explore alternatives and central banks advance digital currency projects that bypass the greenback altogether. The trademark clash, then, highlights not only SWIFT’s legal vigilance but also the uncertainty surrounding the very currency architecture its platform supports.
