Citi and Swift Prove Fiat-to-Digital Currency Settlement Is Now Possible After Successful PvP Trial

Citi and Swift have confirmed a major breakthrough for institutional digital assets: traditional fiat currencies and digital currencies can now be settled against each other using a unified Payment-versus-Payment (PvP) workflow. Announced on November 14, 2025, the experiment marks one of the clearest signs yet that global banks are preparing for large-scale digital settlement. source: https://www.ethnews.com/citi-and-swift-prove-fiat-to-digital-currency-settlement-is-now-possible-after-successful-pvp-trial/