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Nonco Launches FX On-Chain on Avalanche to Boost Institutional Stablecoin Liquidity
- Nonco has launched FX On-Chain on Avalanche to boost institutional stablecoin liquidity, aiming to make the FX market more operationally effective.
- This initiative bridges the gap between the stablecoin market and institutional FX market liquidity and activity.
- Nonco's FX On-Chain protocol on Avalanche C-Chain automates conversions between local currency and USD-backed stablecoins.
- The goal is to enhance stablecoin liquidity for worldwide payments and cross-border transactions.
- The initiative integrates institutional FX liquidity providers with the protocol to form a robust on-chain market with targeted pricing.
- VanEck has invested in Nonco, stating belief in their potential to lead in stablecoin-based FX markets.
- Nonco's FX On-Chain protocol is poised to redefine institutional FX liquidity and accelerate stablecoin adoption.
- Avalanche is chosen as the network for Nonco's FX On-Chain protocol, attracting investors and partners for its efficiency.
- Nonco offers main risk liquidity for institutional counterparties and serves over 350 clients in digital asset markets.
- The company aims to modernize global money flow by integrating blockchain technology with institutional-grade execution.
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