Permissionless on-chain FX market for seamless earning, borrowing & affordable global trade. Built on @avax 🔺 https://xitter.cf/t.co/eKCozJv3sK
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Joined October 2024
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Two years ago we set out to build a new money layer for FX markets on Avalanche.
Today we want to talk about;
✦ what we actually shipped,
✦ what we decided, and
✦ where everything goes from here.
↓ 🧵
Chiss Protocol ❄️ retweeted
The team behind @ChissProtocol is now fully here.
18 months of infrastructure work. A full FX dApp live on @avax Fuji. One clear-eyed decision to put everything behind the product already in the market.
@FinnaHQ. Stablecoin rails for Africa. We are just getting started.
To the Avalanche ecosystem, everyone who tested the dApp, gave feedback, supported the vision, or believed in what we were building:
Thank you. The work was not wasted. It became the foundation for something stronger.
The @Avax relationship continues through Finna.
9/
The Chiss chapter is closed. The mission continues.
Follow @FinnaHQ for what comes next!
10/
The entire emerging markets ( APAC, Africa & LatAm) Stablecoin market is still just shy of $650m & over 95% of it resides on @ethereum.
Other leading chains for EM local stablecoin market include;
@Polygon
@BNBCHAIN
@avax &
@base
But this does not paint the full picture of the sub-stablecoin landscape, there's more you should know 👇 🧵
The non-usd stablecoin landscape is complex.
On the surface, it may seem that nobody wants them, but adoption is growing quietly.
Transaction volume is building up across regions & liquidity will meet the demand for a variety of applications especially onchain FX.
6/
.@ChissProtocol is building a real-time FX settlement infrastructure to simplify & accelerate cross-border payments & local stablecoins play an essential role.
To learn more about what we are building, follow @ChissProtocol.
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