Stablecoins behave like FX markets as liquidity splits: Eco CEO

Stablecoins behave like FX markets as liquidity splits: Eco CEO

5.04%TRX$0.3294 1.29%LINK$9.36 4.12%ADA$0.2503 5.45%BCH$445.25 3.04%XRP$1.43 3.73%ETH$2,360 3.56%BTC$76,066 2.27%XMR$342.73 2.94%BNB$632.99 1.67%XLM$0.1699 2.95%SOL$86.62 3.91%HYPE$44.51 1.58%USD Written by Yohan Yun,Staff EditorReviewed by Ailsa Sherrington,Staff EditorStablecoins behave like FX markets as liquidity splits: Eco CEO4 hours agoStablecoins promise seamless dollar movement, but fragmented liquidity is turning large transfers into complex execution problems, says Eco CEO Ryne Saxe. Stablecoins behave like a fragmented foreign exchange market, where liquidity is spread across blockchains and pools, creating price differences and uneven access to dollar liquidity. Moving stablecoins looks simple on the surface. But under the hood, it’s often a multi-step transaction routed across chains and pools. “It’s a very special case of a foreign exchange market onchain, and that leads t

Source: https://cointelegraph.com/news/stablecoins-behave-fx-markets-liquidity-splits-eco-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound