The post Citibank and Swift Pilot PvP Settlement Using USDC on Ethereum Sepolia Testnet to Demonstrate Fiat–Digital Currency Interoperability appeared on BitcoinEthereumNews.com. Citibank and SWIFT have completed a pilot demonstrating PvP settlement between fiat and digital currencies, affirming the interoperability of traditional banking rails with a distributed ledger network. The program validates near-production viability and shows how real-time finality can be achieved within existing settlement workflows. Built on SWIFT’s infrastructure, the project integrated an institutional-grade blockchain connector, a business process coordinator, and smart contracts to orchestrate cross-asset transfers with end-to-end control. Citibank also operated a test version of USDC on the Ethereum Sepolia testnet to simulate conditions close to production. The initiative signals meaningful improvements for cross-border liquidity and risk management, with potential for clearer audit trails, standardization, and faster closing cycles in fiat-to-digital exchanges. As payments rails evolve, market participants will watch for further regulatory and technical validations before broader deployment. Source: https://en.coinotag.com/breakingnews/citibank-and-swift-pilot-pvp-settlement-using-usdc-on-ethereum-sepolia-testnet-to-demonstrate-fiat-digital-currency-interoperabilityThe post Citibank and Swift Pilot PvP Settlement Using USDC on Ethereum Sepolia Testnet to Demonstrate Fiat–Digital Currency Interoperability appeared on BitcoinEthereumNews.com. Citibank and SWIFT have completed a pilot demonstrating PvP settlement between fiat and digital currencies, affirming the interoperability of traditional banking rails with a distributed ledger network. The program validates near-production viability and shows how real-time finality can be achieved within existing settlement workflows. Built on SWIFT’s infrastructure, the project integrated an institutional-grade blockchain connector, a business process coordinator, and smart contracts to orchestrate cross-asset transfers with end-to-end control. Citibank also operated a test version of USDC on the Ethereum Sepolia testnet to simulate conditions close to production. The initiative signals meaningful improvements for cross-border liquidity and risk management, with potential for clearer audit trails, standardization, and faster closing cycles in fiat-to-digital exchanges. As payments rails evolve, market participants will watch for further regulatory and technical validations before broader deployment. Source: https://en.coinotag.com/breakingnews/citibank-and-swift-pilot-pvp-settlement-using-usdc-on-ethereum-sepolia-testnet-to-demonstrate-fiat-digital-currency-interoperability

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more