Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market. The FX Onchain protocol, built on Avalanche’s C-Chain, automates conversions between local currencies and USD-backed stablecoins, such as USDC and USDT, facilitating faster and more cost-effective (…)
Source: https://news.bitcoin.com/nonco-launches-fx-onchain-initiative-on-avalanche-aiming-to-bridge-institutional-fx-liquidity-with-stablecoins/