'Stablecoins won't replace Swift,' says FV Bank's Miles Paschini

The era of waiting days for a wire transfer is over. Stablecoins are a fundamentally superior transport layer for money, settling seven-figure international payments in under 20 minutes while SWIFT lags behind. With the first US federal framework now law, stablecoins are no longer a curiosity—they are the future of mainstream finance. If legacy systems have to copy crypto just to stay relevant, why do we even need them? Is the traditional bank wire officially dead?
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