[Citibank and Swift Complete Fiat and Digital Currency Settlement Pilot, Advancing Cross-Chain Interoperability Standards] According to PR Newswire, Citibank and Swift have announced the successful completion of a pilot for PvP (Payment versus Payment) settlement processes between fiat and digital currencies, marking a significant step forward in the integration of traditional financial systems with blockchain technology. The pilot utilized the Ethereum Sepolia network with USDC (test token) and achieved synchronized settlement and risk control through smart contracts and a central coordinator. Both parties plan to continue working with the global financial community to establish standards and promote the model's large-scale implementation.