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'Stablecoins won't replace Swift,' says FV Bank's Miles Paschini
Stablecoins have gone from crypto curiosity to the center of mainstream finance in under a year, with the first US federal framework now law and major banks racing to build on them. Some argue that they will replace global payment rails such as Swift. Miles Paschini, CEO of FV Bank, which has settled payments on stablecoin rails since 2022, said on TheStreet Roundtable that stablecoins are a better and faster “transport layer” for money, and that they will become a core part of global payment systems without wiping out incumbents like Swift. FV integrated stablecoins all the back in 2022, before they had broken ... (full story)
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