Artículos Relacionados con FX

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Tiger Research: How Far Can the On-Chain Foreign Exchange Settlement Layer Go?

"Tiger Research: How Far Can On-Chain FX Settlement Layers Go?" The article examines KiiChain, a startup aiming to create an on-chain foreign exchange settlement layer, focusing on its potential to address inefficiencies in cross-border payments, especially for emerging markets. The core problem is the slow, costly, and fragmented traditional FX infrastructure, where bank hours, regulations, and thin liquidity for local currencies create delays. KiiChain, founded by OTC veterans, proposes aggregating USD and local currency stablecoin liquidity on one chain to enable 24/7 settlement. The platform consists of four components: 1) The KiiChain App uses an Atomic Quote Network (RFQ-style price discovery with on-chain settlement) to tackle settlement delays, but not underlying liquidity scarcity. 2) The RWA Protocol tokenizes collateral using compliant standards (like ERC-3643), shifting trust from bank relationships to coded rules, though regulatory anchors remain. 3) Kii Oracle uses a decentralized validator network to create consensus pricing from fragmented data, improving transparency but not market depth. 4) KiiChain Pay bundles fiat on/off-ramps and swap services; only the DEX swap bypasses banking bottlenecks, while others still rely on licensed operators. The analysis concludes KiiChain doesn't eliminate intermediaries but creates a unified settlement layer where they can interact without geographic or time constraints. It streamlines the process—three of eight traditional steps are removed—by moving infrastructure on-chain, improving speed and accessibility for digital asset swaps. However, fiat entry/exit points remain subject to off-chain service limitations. Current metrics show over $500M in transaction volume. The future depends on ecosystem growth—attracting liquidity partners and users—to evolve beyond settlement into a broader financial hub. Ultimately, the on-chain structure currently solves settlement friction and time, not liquidity depth. Success will be determined by execution in building partnerships and market presence, not by architectural design alone.

marsbit08/17 13:56

Tiger Research: How Far Can the On-Chain Foreign Exchange Settlement Layer Go?

marsbit08/17 13:56

Ratio's CEO Says Multi-Currency Stablecoins Could Eliminate Costly FX Conversions in Asia

The CEO of Ratio, John Cho, argues that multi-currency stablecoins could save Asia billions by eliminating costly foreign exchange conversions in regional trade. While USD stablecoins like USDT and USDC work for global settlements, local Asian trade is conducted in local currencies like the Korean won or Singapore dollar. Forcing these transactions through USD intermediaries creates unnecessary costs and currency risk. Cho envisions a complementary ecosystem where local-currency stablecoins work alongside USD stablecoins, enabling seamless cross-border settlements without conversion friction. A key pain point in traditional banking is the need for pre-funded Nostro and Vostro accounts, which lock up vast amounts of working capital. Blockchain-based settlement layers like Ratio offer a 24/7 alternative, using on-chain liquidity to enable instant execution even when traditional channels are closed. Modern Web3 infrastructure providers are focusing on pragmatic integration with existing corporate systems like ERPs, allowing businesses to gradually shift volumes to digital channels for better speed, cost, and reduced slippage. Clear regulation is cited as the critical catalyst for widespread institutional adoption. As jurisdictions like the U.S. advance legislation (e.g., the CLARITY Act) and Asian countries are expected to pass their own stablecoin laws within 12-24 months, regulatory uncertainty is receding. The ultimate vision is for regulated stablecoins to become an invisible settlement layer integrated into national payment systems, where payments simply happen on-chain, erasing the boundary between traditional banking and digital assets.

cryptonews.ru07/28 06:17

Ratio's CEO Says Multi-Currency Stablecoins Could Eliminate Costly FX Conversions in Asia

cryptonews.ru07/28 06:17

Mento Brings Its FX Protocol to Polygon

The Mento Protocol, a decentralized foreign exchange (FX) infrastructure, has launched on the Polygon network. This deployment introduces Mento's stablecoin markets to Polygon's ecosystem, starting with a USDm/EURm trading pool. The integration aims to provide predictable onchain FX liquidity between USD and non-USD stablecoins, addressing a key need as stablecoin activity expands beyond dollar-denominated assets. The launch is supported by day-one liquidity partner Capa. Additionally, Mento is adding EURØP, a MiCA-regulated euro stablecoin from Schuman Financial, as a reserve asset for its EURm token. Mento's Fixed Price Market Maker (FPMM) design uses trusted price oracles to offer predictable, reference-rate pricing similar to traditional FX markets. Executives from Mento Labs, Polygon Labs, and Capa emphasized that this FX infrastructure is critical for enabling reliable, large-scale payments using non-USD stablecoins, which are already gaining significant traction on Polygon. The move represents Mento's expansion beyond the Celo and Monad networks.

TheNewsCrypto07/27 15:21

Mento brings its FX Protocol to Polygon

Mento Protocol, a leading decentralized FX infrastructure, has deployed on Polygon, bringing its stablecoin markets to the network. The launch, starting with a USDm/EURm trading pair, provides the foreign exchange layer needed to connect the growing non-USD stablecoin activity on Polygon with predictable, onchain FX liquidity. This expands Polygon's ecosystem beyond dollar-only liquidity. The deployment is supported by liquidity partner Capa and integrates EURØP, a MiCA-regulated euro token from Schuman Financial, as a reserve asset for EURm. Mento's Fixed Price Market Maker design uses trusted price oracles to offer predictable, reference-rate execution across currencies, aiming to make non-USD stablecoins more usable for cross-border payments and other applications. Executives from Mento Labs, Polygon Labs, Capa, and Schuman Financial emphasized that this infrastructure is crucial for scaling reliable, multi-currency stablecoin payments and connecting local-currency markets onchain.

cointelegraph07/27 15:05

Chainlink Powering TradFi Future? DTCC AppChain and Project Pangea Put LINK Middleware in Focus

Chainlink's role as middleware for traditional finance (TradFi) infrastructure is highlighted by two key developments: its Chainlink Runtime Environment (CRE) being selected for the Depository Trust & Clearing Corporation's (DTCC) Collateral AppChain, targeted for Q4 2026, and its involvement in Project Pangea, a foreign exchange settlement initiative involving 50 banks. The story emphasizes that this represents integration with, not replacement of, legacy banking systems. For crypto markets, this provides a test case to gauge whether current moves are driven by genuine adoption or speculation. Traders should watch for further official confirmations and liquidity responses, as the narrative's sustainability will depend on broader market structure and follow-through beyond initial headlines.

bitcoinist06/27 22:51

Chainlink Powering TradFi Future? DTCC AppChain and Project Pangea Put LINK Middleware in Focus

bitcoinist06/27 22:51

Euro Stablecoins Have Entered DeFi, What Are Other Local Currencies Waiting For?

Euro stablecoins are leading the adoption of non-USD stablecoins in DeFi, while other local currency stablecoins remain primarily used for payments and settlements. The implementation of MiCA regulations in Europe effectively ended Tether’s EURT, reducing its supply from over $400M to around $50M. However, the broader non-USD stablecoin market (excluding EURT) has nearly tripled since early 2023, reaching $1.1B by February 2026. Euro-denominated stablecoins account for over 90% of non-USD transaction volume and are increasingly integrated into DeFi protocols like Aave and Morpho for lending and trading. In contrast, other local currency stablecoins (e.g., BRL, JPY) are mostly used for payments, remittances, and enterprise settlements, with nearly 80% of their activity falling under unidentified transfers. Regulatory clarity, as seen in Brazil and Japan, is crucial for adoption. The growth of non-USD stablecoins is driven by their potential to reduce FX costs, streamline cross-border payments, and minimize dollar dependency. While euro stablecoins have set a precedent for DeFi integration, broader adoption of other local currency tokens will likely focus first on payment infrastructure before expanding into DeFi applications.

marsbit03/30 06:58

Euro Stablecoins Have Entered DeFi, What Are Other Local Currencies Waiting For?

marsbit03/30 06:58

Stablecoins See Largest Conversion Spreads In Africa, Research Shows

Research from Borderless.xyz reveals that Africa has the highest median conversion spreads for stablecoin-to-fiat transactions globally, reaching nearly 300 basis points (3%) in January. This is significantly higher than Latin America's 1.3% and Asia's 0.07%. Within Africa, costs vary widely; South Africa has a low rate of 1.5% due to competition, while Botswana and Congo saw spreads exceeding 19% and 13%, respectively. The high costs are attributed to local market structure and lack of liquidity rather than blockchain technology. While stablecoins offer potential for cheaper remittances, the final conversion cost depends heavily on local competition and infrastructure, limiting savings in many African corridors.

bitcoinist02/12 11:31

Stablecoins See Largest Conversion Spreads In Africa, Research Shows

bitcoinist02/12 11:31

PrimeXBT: Turning Crypto into Working Capital, Not Just an Asset

Cryptocurrency is evolving from a passive asset to an active form of working capital that can be deployed across global markets. PrimeXBT enables this shift by allowing traders to use crypto as collateral to access a wide range of traditional financial instruments—including forex, indices, commodities, and stocks—all within a single platform. This approach reduces friction, avoids repeated fiat conversions, and supports both short-term and long-term strategies. By treating crypto as a universal funding layer rather than a closed ecosystem, PrimeXBT helps traders move capital quickly and efficiently across diverse opportunities, transforming crypto from a store of value into a dynamic tool for global trading.

bitcoinist01/21 17:32

PrimeXBT: Turning Crypto into Working Capital, Not Just an Asset

bitcoinist01/21 17:32

Insights on Going Global | Morocco: An Underestimated Blue Ocean Market for Web3

Morocco presents a unique and underestimated Web3 market in North Africa. Despite a strict 2017 central bank ban on cryptocurrency, it has one of the highest crypto adoption rates in the region, with an estimated 10-15% of its 37 million population holding crypto assets. This grassroots, youth-driven adoption is fueled by real economic pain points: strict foreign exchange controls and inefficient traditional banking. Freelancers and businesses increasingly use stablecoins like USDT to receive international payments and settle cross-border transactions quickly via P2P platforms, bypassing slow and costly bank transfers. A pivotal moment was the 2023 earthquake, where Binance’s $3 million crypto airdrop provided immediate, tangible aid to affected users, demonstrating the utility of borderless, instant value transfer in a crisis. By 2025, the regulatory landscape is shifting. The central bank is drafting new legislation to regulate crypto assets, opening doors for compliant exchanges, custody services, and stablecoin-based payment applications. Morocco offers significant potential due to its large, tech-savvy youth population, existing educated user base, and strong demand for fintech solutions. It represents a genuine, need-driven blue ocean market for Web3 ventures, distinct from more developed hubs.

marsbit12/31 02:17

Insights on Going Global | Morocco: An Underestimated Blue Ocean Market for Web3

marsbit12/31 02:17

Ex-Ripple Director Shares 4 Crypto And Blockchain Predictions For 2026

Former Ripple director and current Evernorth CEO Asheesh Birla predicts that by 2026, institutional adoption will move beyond speculation and become embedded in everyday financial infrastructure. His four key forecasts include: 1) Corporate treasuries will become programmable through DeFi and AI, reducing manual processes and middlemen. 2) Local stablecoins will proliferate and challenge the traditional $9.6 trillion FX market via on-chain exchanges. 3) Stablecoins will achieve mainstream use in corporate and bank settlements for real-time liquidity analytics and faster transactions, potentially growing from $300 billion to $100 trillion in market cap. 4) NFTs will rebrand as digital access tokens for membership, combining ticketing, loyalty, and collectibles. Birla emphasizes a shift toward practical, institutional use cases for blockchain and crypto.

bitcoinist12/24 19:05

Ex-Ripple Director Shares 4 Crypto And Blockchain Predictions For 2026