Skip to content

FX Onchain Initiative Bridges Liquidity

Nonco Launches FX Onchain Initiative on Avalanche Network

  • Nonco is an institutional digital asset trading firm.

  • The initiative is launched on the Avalanche network.

  • The FX Onchain protocol operates on Avalanche’s C-Chain.

  • It automates conversions between local currencies and USD-backed stablecoins like USDC and USDT.

Nonco has introduced its FX Onchain initiative to connect institutional FX liquidity with the stablecoin market, utilizing Avalanche’s C-Chain for efficient currency conversions.

Source (2.6)https://news.bitcoin.com/nonco-launches-fx-onchain-initiative-on-avalanche-aiming-to-bridge-institutional-fx-liquidity-with-stablecoins/?rand=52384
Share
Related Crypto News

US Dollar Stablecoins Risk Denmark Economy

    Danmarks Nationalbank warns global stablecoins like $USDT and $USDC pose risks to Danish liquidity despite low local use, partnering with ECB to maintain central bank money in tokenized systems. #Update #Crypto $USDT

    Coinbase Expands Stablecoins to 1000 Banks

      @Coinbase partners with Moov to integrate stablecoin tools into payment systems for 1,000+ banks and credit unions, enhancing merchant payments without new crypto stacks. #Update #Crypto