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.

Scroll to Top