Citi and Swift have successfully trialed a Payment-versus-Payment (PvP) workflow that synchronizes settlement between fiat currencies and stablecoins, bridging traditional banking rails with blockchain networks for more efficient cross-border transactions. Citi and Swift tested a Payment-versus-Payment workflow synchronizing fiat and digital token settlements. The trial integrated Swift’s network with blockchain tools like escrow and orchestrators […]
Source: https://en.coinotag.com/citi-and-swift-trial-explores-synchronized-usdc-fiat-settlements-via-blockchain
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