Citibank Completes Fiat-to-Crypto PvP Settlement Process Pilot with Swift

By: theblockbeats.news|2025/11/21 03:45:58

BlockBeats News, November 21, Citibank and Swift announced that they have completed a pilot project for Payment-versus-Payment (PvP) settlement between fiat currency and digital currency, validating the interoperability of the traditional financial system with a distributed ledger network. This pilot project was built on the existing Swift infrastructure and achieved seamless integration through an institutional-grade blockchain connector, a business process coordinator, and smart contracts. Furthermore, Citibank used a test version of USDC on the Ethereum Sepolia testnet to simulate a near-production environment.

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A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models