What DBS & Citi’s Tokenized Move Means for Stablecoin Payments - OneSafe — 2026-09-08

## Short Segments Visa's stablecoin settlement volume has surged to a $20 billion annualized run rate, marking a 15-fold increase year over year. This growth highlights the expanding role of stablecoins in global payment systems. Visa now operates over 160 stablecoin-linked card programs worldwide, with payment volumes climbing nearly 200% compared to last year. For payment companies, this signals a significant shift towards digital currencies as a mainstream settlement option. As Visa continues to integrate stablecoins into its operations, the infrastructure supporting these digital assets becomes increasingly critical for global commerce. UBS and eight other Swiss firms have launched a pilot test for the Swiss Franc stablecoin, CHFD. This initiative, which includes financial market operator SIX and payment app TWINT, aims to explore the use of a stablecoin pegged 1:1 to the Swiss Franc. The testing phase, conducted in a secure digital sandbox, will evaluate various institutional use cases for the CHFD. For financial institutions, this pilot represents a step towards integrating stablecoins into traditional banking systems, potentially enhancing transaction efficiency and security. As the pilot progresses, the results could influence broader adoption of stablecoins in Switzerland's financial ecosystem. Ethereum is setting its sights on achieving quantum-safe security by 2029, with the Hegotá upgrade marking the first step. The Ethereum Foundation's Protocol cluster has outlined a roadmap to ensure post-quantum readiness across Ethereum's Layer 1 blockchain. This initiative aligns with global tech leaders' efforts to prepare for quantum computing's potential impact on cryptographic security. For developers and enterprises relying on Ethereum, this move underscores the network's commitment to long-term security and resilience. As Ethereum progresses towards quantum resistance, stakeholders will need to adapt to new security protocols and standards. ## Feature Story DBS and Citi have launched a groundbreaking pilot for cross-border USD settlements using tokenized deposits, bypassing traditional banking hours. This development allows businesses to execute payments instantly, 24/7, across different jurisdictions and time zones. The first successful transaction between Singapore and the United States was completed over a weekend, demonstrating the potential to revolutionize global payment systems. For businesses operating with public stablecoins like USDC, this pilot is not a threat but a complement, as it builds the missing half of the digital-payment stack. By leveraging the SWIFT Digital Ledger, DBS and Citi have shown that tokenized deposits can enhance the efficiency and speed of cross-border transactions. This move is less about replacing the existing banking system and more about upgrading its infrastructure to meet the demands of a digital economy. As more banks join this initiative, the implications for global finance could be profound, potentially reducing settlement times from days to minutes. For regulators, this pilot presents new challenges and opportunities in overseeing a rapidly evolving financial landscape. As the pilot progresses, stakeholders will be watching closely to see how this new infrastructure can be integrated into existing systems and what regulatory frameworks will emerge to support it. Stay tuned as we continue to track the impact of tokenized deposits on the future of stablecoin payments.