#StablecoinPayments
Key Developments:
1. Eric Trump's SWIFT Comments:
Eric Trump’s remarks in the UAE about SWIFT being “broken” reflect growing discontent with the legacy system’s inefficiencies—namely, slow settlement times and high fees.
2. Institutional Blockchain Adoption:
JP Morgan: Running live pilots with JPM Coin and Onyx network for instant cross-border settlement.
Goldman Sachs: Exploring tokenized assets and smart contract-based clearing.
Ripple/XRP: Already powers real-time payments for banks and remittance services in over 40 countries.
3. Trump-Backed Stablecoins (e.g., USD1):
These represent an attempt to blend political capital with digital infrastructure. USD1 is pitched as a U.S.-anchored, DeFi-compatible stablecoin, potentially attracting regulatory support.
4. Digital Assets Advisory Committee:
This group, reportedly backed by Trump family interests, is lobbying for fast-tracked U.S. legislation to integrate crypto with traditional finance, creating an “on-ramp” for large capital flows.
5. Ethereum & DeFi:
Protocols like Aave, Maker, and Curve are being watched closely by institutions for their role in building transparent, programmable alternatives to SWIFT-based interbank transfers.