#StablecoinPayments Eric Trump recently stated that the SWIFT system is “broken” and poised for replacement by cryptocurrency. His remarks in the UAE align with a growing global shift: major institutions like JPMorgan and Goldman Sachs are expanding their blockchain initiatives, signaling a broader transition away from traditional finance rails.
Ripple’s XRP already facilitates hundreds of cross-border payments, and emerging Trump-affiliated stablecoins like USD1 highlight how legacy currencies could be integrated into decentralized finance (DeFi) ecosystems. The appeal? Lower fees, faster transactions, and a break from outdated infrastructure.
The Trump Digital Assets Advisory Committee's push for swift crypto legislation underscores elite-level interest in blockchain innovation. Meanwhile, Ethereum-based DeFi platforms are accelerating peer-to-peer financial alternatives, setting the stage for a structural overhaul in global payments.
Curious which digital assets are actually being deployed by global banks—and how Trump-linked crypto initiatives might influence capital flows?
