According to PANews, stablecoins are transforming the global foreign exchange (FX) infrastructure by enabling instant, programmable, and decentralized currency transfers. This shift is giving rise to stablecoin FX, where value can be exchanged directly on-chain between stablecoins or between stablecoins and local fiat currencies, bypassing traditional banking systems. The article explores the importance of this new architecture, current market dynamics, and how projects like Numo, Mento, and ViFi Labs are shaping its future through distinct mechanisms. Numo introduces on-chain forward contracts for emerging markets, Mento anchors stablecoin exchanges to real-world rates via fixed-price AMMs, and ViFi simulates real FX dynamics on-chain using VARQ technology. These innovations aim to make stablecoin FX more efficient, accessible, and scalable.
Numo, Mento, and ViFi Redefine Stablecoin FX Infrastructure with Three Innovative Approaches
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