Stablecoin usage has surged, especially for remittances and cross-border payments, with some fintechs building their entire business models around them. Despite strong dollar liquidity, local market infrastructure has lagged, resulting in poor liquidity and high costs. As a result, stablecoin transfers became expensive. This gap led to the creation of FX On-Chain. - @fdomtzf, CEO at Nonco.

FX On-Chain automates conversions between local currency- and USD-backed stablecoins, like $USDC, $USDT, AUSD, enabling more transparent and reliable liquidity.

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