Chiss Protocol ❄️ @ChissProtocol
Permissionless on-chain FX market for seamless earning, borrowing & affordable global trade. Built on @avax 🔺 https://t.co/eKCozJv3sK chissprotocol.io Onchain Joined October 2024-
Tweets726
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Followers2K
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Only 60% of the global currency reserve are in USD. Meanwhile, 99% of stablecoins are USD-pegged. Let that sink in.
IT'S HAPPENING! ❄️ .@coinbase is listing two local stablecoins & the stablecoin market just hit a new ATH of $294B capitalization! Local stablecoins are finally getting; → Deeper liquidity → Wider accessibility → More innovative utilities ( e.g. onchain FX 😉) Non-USD…
You don't actually need stablecoins. ❄️ Yes, you don't! But stablecoins are the future of money? You say. True. But hear us out! Stablecoins exposed what the legacy form of money lacks. It taught us that money can be better. ❄️ Faster ❄️ Global ❄️ Transparent ❄️ Yield-bearing…
1 USDT/C = 1 USD The benefit of the simple equation above is only harnessed in the US & dollarized economies. Stablecoin-reliant countries with an economy not running on the dollar don't see the significance, & so face the conversion pains. In these countries, the exchange…
The stablecoin market cap just hit an ATH of $290B! Over $85B added to the market, YTD, & local/regional stablecoins still make up <1% of the market. We're so early!
gm ❄️ If you love Stablecoins, say it back!
Regional/Local stablecoins create a pathway for more value-efficient ramping & currency exchange.
FX payments are yet to be free because of one simple oversight! Simple, but without it, cross-border businesses will remain limited in their business operations. Current FX infrastructure, especially in EMs, has failed them. Here's what's actually going on ↓ Existing…
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