Stablecoins and SWIFT: Why remittance innovation won’t replace the legacy network overnight
Remittance firms are accelerating their adoption of stablecoins to bypass parts of the traditional settlement infrastructure, but industry experts say this does not mean the decades-old SWIFT network is disappearing anytime soon. Western Union’s launch of its Solana-based stablecoin USDPT in the Philippines and Bolivia this week is the latest example of the growing overlap […]
