Citibank and Swift test a peer‑to‑peer settlement on the Sepolia Ethereum testnet using USDC, showcasing the interoperability between fiat and digital currencies.

Citibank and SWIFT Pilot PvP Settlement Using USDC on Ethereum Sepolia Testnet

Citibank partnered with SWIFT to conduct a pilot that executed a peer‑to‑peer settlement using USDC on the Ethereum Sepolia testnet. The trial was designed to illustrate how fiat currencies can interoperate with digital assets. By transferring value in USDC on a public blockchain, the participants demonstrated a seamless bridge between traditional banking systems and decentralized finance. The experiment underscores the potential for faster, more transparent cross‑border payments.