#StablecoinPayments Eric Trump Declares SWIFT is Outdated—Crypto Is the Future

Eric Trump recently stated that the SWIFT system is outdated and on its way to being replaced by cryptocurrency. His remarks in the UAE align with a growing global shift: major financial players like JP Morgan and Goldman Sachs are rapidly expanding their blockchain initiatives. Ripple’s XRP is already facilitating hundreds of cross-border transactions, while stablecoins such as USD1—supported by the Trump camp—demonstrate how traditional money is being integrated into decentralized finance (DeFi) systems.

The move toward blockchain isn’t just about faster transactions. It's also about reducing costly fees and replacing legacy financial infrastructure. The Trump Digital Assets Advisory Committee’s urgent call for crypto-friendly legislation highlights a high-level commitment to this transformation. Meanwhile, DeFi platforms built on Ethereum are accelerating the development of peer-to-peer payment alternatives.