13 min read
Why We Need On-chain Liquidity to Support Non-USD Rails, NOT APIs
Stablecoin payment can make cross-border payments faster, but not necessarily cheaper.
Blog
Notes on on-chain FX
Research from the Rectangle team on non-USD stablecoins, FX market structure and the rails underneath.
13 min read
It’s Not “No One Wants Non‑USD Stables” — It’s “No Banks Want Non‑USD Inventory”
The stagnant growth of non-USD stables has often been dismissed as a failure of demand. I disagree.
16 min read
An Effective On-Chain FX Market could Flip the 99.8% Dominance of USD Stables
"Nobody wants non-USD stablecoins." Critics of non-USD stables on CTs are too dogmatic in their provincial ideology of sitting in their US-centric world.
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