Chiss Protocol ❄️
@ChissProtocol
Permissionless on-chain FX market for seamless earning, borrowing & affordable global trade. Built on @avax 🔺 https://t.me/chissprotocol
The future of FX will be powered by an instant FX settlement layer onchain. Cross-border payments will feel like a local intrabank money transfer; ❄️ Easy ❄️ Instant ❄️ Near-zero Fees. Here are 6 things about @ChissProtocol, powered by @avax, that positions it as a next-gen FX…
Global payments is literally hanging by a thread! For decades, we’ve been sold a global payment narrative. We call the financial system "global," but in reality, it's really just held together by the US Dollar. If a business, anywhere in the world, wants to pay a supplier in…
Most 'on-chain FX' solutions only solve the problem halfway for cross-border businesses. Here's why, and what a complete solution looks like. Say, a business in Lagos 🇳🇬 wants to pay a supplier in Istanbul 🇹🇷. Their first problem isn't the NGN/TRY exchange rate. Their first…
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…
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