European Bank Uses Stablecoin USDC Instead of SWIFT for Cross-Border Transfers

In brief:

• Bank Frick, one of Europe’s leading blockchain banks, is ditching SWIFT for Circle’s USDC stablecoin.
• The bank says that USDC can execute USD payments faster than SWIFT.
• Circle CEO Jeramy Allaire says USDC’s usage in regulated banking is part of a growing trend.

https://decrypt.co/31817/european-bank-uses-stablecoin-instead-of-swift-for-cross-border-transfers?utm_source=reddit&utm_medium=social&utm_campaign=smm