Why Stablecoin FX Matters Foreign exchange is the largest financial market on Earth, moving more than US$7 trillion a day. Yet its plumbing—correspondent banks, cut-off times, opaque pricing—was built for the telegraph age. Stablecoins promise a borderless, always-on alternative: bearer assets that settle in seconds on any blockchain. The catch is that almost all fiat-backed stablecoins are USD-denominated (>99 % of supply), leaving every other currency underserved. A liquid, on-chain FX mark...

Why Stablecoin FX Matters Foreign exchange is the largest financial market on Earth, moving more than US$7 trillion a day. Yet its plumbing—correspondent banks, cut-off times, opaque pricing—was built for the telegraph age. Stablecoins promise a borderless, always-on alternative: bearer assets that settle in seconds on any blockchain. The catch is that almost all fiat-backed stablecoins are USD-denominated (>99 % of supply), leaving every other currency underserved. A liquid, on-chain FX mark...