Citi and Swift Complete Landmark Fiat-to-Digital Currency Payment Trial

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Story Highlights* Citi and Swift complete a landmark trial enabling Payment-versus-Payment (PvP) settlement between fiat and digital currencies.

  • The trial used Swift’s existing infrastructure, enhanced with blockchain connectors, orchestration tools, and smart contracts.
  • Citi used test USDC on Ethereum’s Sepolia network to simulate real-world conditions.
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