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Stabull Finance Launches Stablecoin and Real World Assets DEX on Ethereum and PolygonProspera, Honduras, December 13th, 2024, Chainwire Stabull Finance, a decentralized platform providing an alternative to SWIFT and CME for on-chain FX and tokenized commodity swaps, has officially launched on Ethereum and Polygon. The platform’s launch follows six months of beta testing, processing over $2 million in stablecoin swaps since October. Now open to the public, Stabull Finance invites stablecoin issuers and liquidity providers to participate in its liquidity pools and join us in bringing the multi-trillion-dollar FX and commodity markets on the chain. Stabull Finance offers a 24/7 decentralized exchange (DEX) providing fast, low-slippage, and low-cost swapping between supported stablecoins and tokenized real-world assets (RWAs). The initial launch features tokenized gold (PAXG) on Polygon, along with eleven fiat-backed stablecoins across Ethereum and Polygon. Supported stablecoins include BRZ (Brazilian Real), COPM (Colombian Peso), EURS (Euro), GYEN (Japanese Yen), NZDS (New Zealand Dollar), PHPC (Philippine Peso), TRYB (Turkish Lira), XSGD (Singapore Dollar), with three USD-backed stablecoins; USDC, USDT, and DAI. Additional stablecoins and tokenized RWAs will be regularly added to the platform on an ongoing basis. While non-USD currencies account for over 40% of global Forex trading, less than 1% of on-chain volume involves non-USD stablecoins. With more than 25 million crypto wallets holding stablecoins and major players like Visa, Stripe, BlackRock, and Goldman Sachs entering the space, demand for on-chain FX solutions is set to surge. Stabull is poised to meet this growing demand, enabling instant and transparent swaps for web3 and institutional use cases such as e-commerce, cross-border payments, merchant settlement, point-of-sale, payroll, and B2B invoicing. Generalized automated market makers (AMM’s) such as Uniswap and Curve are not optimized for RWA’s where price discovery largely occurs off-chain. This results in stale pricing, impermanent loss, and poor yields for liquidity providers (LP’s), and has contributed to the slow adoption of FX stablecoins. To solve this problem, Stabull’s AMM dynamically concentrates liquidity around an off-chain, Chainlink oracle (e.g. EUR/USD price), resulting in higher capital efficiency for LP’s, price improvement for traders, and relieved peg pressure for issuers.

Chainwire 27 mins ago