Institutional FX liquidity moves on-chain.
Leading digital asset trading firm Nonco has launched FX On-Chain—connecting traditional FX markets with stablecoin infrastructure–powered by the Avalanche blockchain network. Nonco’s protocol automates conversions between USD-backed stablecoins–like USDC, USDT, and AUSD–and local currency-backed stablecoins to enable faster, more efficient currency conversions.
Built on the C-Chain, FX On-Chain uses an RFQ model and atomic on-chain settlement to deliver institutional-grade pricing, lower counterparty risk, and 24/7 access to global FX liquidity.
The protocol debuts with USDMXN and will expand to additional major pairs. Backed by firms like VanEck, Valor Capital, and Hack VC, Nonco’s protocol is continued evidence that stablecoins are emerging as upgraded global payment rails.
The next generation of financial services continues to be built on Avalanche.
Learn more below:
https://www.avax.network/blog/nonco-brings-institutional-fx-liquidity-on-chain-powered-by-avalanche