Swift, Rust, and C++ all share the same underlying techniques for implementing zero-cost abstrations (primarily, fully-specialized generics). The distinction in Swift's case is that generics can also be executed without specialization (which is what allows generic methods to be called over a stable ABI boundary).

Swift and Rust also allow their protocols to be erased and dispatched dynamically (dyn in Rust, any in Swift). But in both languages that's more of a "when you need it" thing, generics are the preferred tool.