#StablecoinPayments Eric Trump has stated that the SWIFT system is outdated and poised to be replaced by cryptocurrency. His recent remarks in the UAE align with a broader global trend: major financial institutions like JPMorgan and Goldman Sachs are accelerating their blockchain initiatives. Ripple's XRP is already facilitating hundreds of cross-border transactions, while Trump-endorsed stablecoins such as USD1 suggest a future where traditional currencies integrate with decentralized finance (DeFi) systems.
The shift toward blockchain isn't just about speed—it’s also a response to the high costs and inefficiencies of legacy financial infrastructure. The Trump Digital Assets Advisory Committee’s push for swift crypto regulation highlights growing institutional support. Meanwhile, DeFi protocols on Ethereum are paving the way for peer-to-peer alternatives.
Curious about which digital assets global banks are adopting—and how Trump-affiliated projects might shape capital flows?$ETH