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Citi and Swift Complete Fiat-Digital Currency PvP Settlement Pilot on Nov. 21

Citi and Swift completed a Payment-versus-Payment (PvP) settlement pilot between fiat and digital currencies on Nov. 21, BlockBeats reports. The trial validated interoperability between traditional financial infrastructure and distributed ledger networks through Swift's existing framework, integrating institutional-grade blockchain connectors, workflow orchestrators, and smart contracts. Citi used test USDC on Ethereum's Sepolia testnet to simulate a near-production environment.
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