Hello Family 👷♂️👷♀️ #algorand #AltSeasonComing #ISO20022
The price of Algorand ($ALGO ) has risen to a high of $0.30.
The Fedwire of the U.S. Federal Reserve has adopted ISO 20022, with Algorand (ALGO) among the compliant blockchains.
The Bitcoin rally has triggered gains for ALGO. The price of Algorand (ALGO) has risen to four-month highs, reaching levels above $0.30 amid a confluence of positive catalysts, including broader market dynamics. The adoption of the ISO 20022 messaging standard for Fedwire by the U.S. Federal Reserve is also likely crucial, highlighting Algorand (ALGO) as one of the blockchain networks compliant with ISO 20022.
Meanwhile, the Bitcoin rally above $123,000 has triggered significant gains for altcoins, with ALGO among the top performers. 'Bitcoin broke through $122,000, fueled by a strong breakout and renewed institutional demand. Sentiment shifted rapidly, with the Fear & Greed index jumping from 40 to 70 in just three weeks. Last week, spot BTC ETFs recorded inflows of over $2 billion. Derivatives are also on the rise, with funding rates approaching 30% and open interest exceeding $43 billion,' noted analysts at QCP.
Major move with the adoption of ISO 20022 by Fedwire
On July 14, 2025, the U.S. Federal Reserve implemented the ISO 20022 messaging standard for its Fedwire Funds Service, a significant update for global financial transactions. This standard enhances the structure, security, and interoperability of data, aligning with modern payment systems.
Blockchain networks such as Ripple's XRP, Stellar, Cardano, Hedera, and Algorand are already compliant with the ISO 20022 standard.
These projects could benefit from increased adoption in the banking and financial services market. Given its traction, Algorand is among those well-positioned to attract significant attention. The energy-efficient design and institutional-grade performance of the blockchain will attract the interest of banks, including those looking at central bank digital currency discussions. Compliance with the ISO 20022 standard also means seamless cross-border payments.
