机构FX在新的Stablecoin倡议中遇到区块链

数字资产交易公司Nonco已在雪崩区块链上推出了其新的FX链链协议，这标志着将传统外汇（FX）流动性集成到基于区块链的金融基础设施中的努力。

Digital asset trading firm Nonco has unveiled its new FX On-Chain protocol on the Avalanche blockchain, facilitating the direct conversion between USD-backed stablecoins and non-USD stablecoins pegged to currencies like the euro, Brazilian real, and Mexican peso.

数字资产贸易公司Nonco已在雪崩区块链上揭示了其新的FX链链协议，从而促进了USD支持的Stablecoins和非USD Stablecoins之间的直接转换，这些货币与欧元，巴西皇家和墨西哥Peso等货币相关。

Nonco, which is backed by Valor Capital and Hack VC, said its protocol will offer more competitive spreads and faster settlement compared to automated market maker (AMM) models. For this, it is tapping into institutional FX providers to offer liquidity.

由Valor Capital和Hack VC的支持的Nonco表示，与自动营销商（AMM）模型相比，其协议将提供更具竞争力和更快的和解。为此，它正在利用机构FX提供商提供流动性。

The protocol will initially support USDMXN pairs, with plans to expand into EURUSD, USDBRL, and more in the near future.

该协议最初将支持USDMXN对，并计划在不久的将来扩展到Eurusd，USDBRL等。

The protocol is built on Avalanche’s C-Chain, which is said to be a central hub of liquidity for decentralized applications. The system automates the process of converting between local and USD-pegged stablecoins, aiming to optimize global payments, cross-border remittances, and multi-currency settlements.

该协议建立在雪崩的C链上，据说这是分散应用程序的流动性中心枢纽。该系统自动化本地和USD-PEGGGEGGECOINS之间转换的过程，旨在优化全球付款，跨境汇款和多币种和解。

While stablecoins such as USDC and USDT have reportedly achieved a combined market capitalization of over $200 billion, Nonco said that stablecoins pegged to non-USD currencies remain largely underused due to fragmented liquidity and operational hurdles in facilitating conversions.

据报道，诸如USDC和USDT之类的Stablecoins已实现了超过2000亿美元的市值，但Nonco表示，由于零散的流动性和在促进转化方面的运营障碍，与非USD货币挂钩的Stablecoins在很大程度上仍未使用。

To overcome these challenges, Nonco said it has assembled a network of institutional foreign exchange (FX) provides to offer optimal pricing and efficient execution.

为了克服这些挑战，Nonco表示，它已经组建了一个机构外汇网络（FX）提供了最佳的定价和有效的执行。

The protocol also includes several features designed to align blockchain-based transactions more closely with traditional financial standards. It utilizes a Request-for-Quote (RFQ) system to deliver "institutional-grade pricing," offering rates and spreads that closely reflect those in off-chain FX markets, the firm said.

该协议还包括几个功能，旨在将基于区块链的交易更加紧密地与传统的财务标准保持一致。该公司表示，它利用请求引用（RFQ）系统提供“机构级定价”，提供价格并差异，这些价格紧密反映了链外FX市场中的价格。

Trades are settled atomically on-chain, which helps minimize counterparty credit risk, especially in more complex multi-currency transactions. The protocol also includes direct integrations with regulated banks and stablecoin issuers, facilitating smoother transitions between traditional and digital finance environments, it added.

交易在原子上定居，这有助于最大程度地减少对应物信用风险，尤其是在更复杂的多货币交易中。该协议还包括与受监管的银行和Stablecoin发行人的直接集成，从而促进了传统和数字融资环境之间的更平滑过渡。

Avalanche's infrastructure supports extended trading hours and enables rapid settlement, contributing to a smoother transaction experience, Nonco said.

Nonco说，雪崩的基础设施支持扩展的交易小时，并可以快速解决，这导致了平滑的交易经验。

“FX On-Chain represents a step-change in bringing institutional FX liquidity to blockchain-based markets. Nonco's expertise in institutional trading and its high-quality network of partners and customers, combined with Avalanche's high-performance infrastructure, marks a major step toward expanding stablecoin-based FX markets and capabilities—something the whole industry has been waiting to see,” said Morgan Krupetsky, Head of Institutions & Capital Markets at Ava Labs.

“ FX FX链链代表了将机构FX流动性带到基于区块链的市场。Nonco在机构交易方面的专业知识及其高质量的合作伙伴和客户网络，以及Avalanche高性能的基础架构相结合，标志着基于STABLECOIN MORTON的主要步骤，可以远离Spablecoin Mornations和Cably的行业 - Krupetsky，Ava Labs的机构和资本市场负责人。

As part of its expansion plans, the firm also announced that asset management firm VanEck has committed to investing in Nonco.

作为其扩展计划的一部分，该公司还宣布资产管理公司Vaneck致力于投资Nonco。

Announcing the investment, Jan van Eck, CEO of VanEck, said: “At VanEck, we are always exploring new technologies and investment opportunities. We have been following the development of digital assets with great interest, and we see significant potential in this emerging ecosystem.”

Vaneck首席执行官Jan Van Eck宣布投资时说：“在Vaneck，我们一直在探索新的技术和投资机会。我们一直在关注具有极大兴趣的数字资产的开发，并且我们看到了这个新兴生态系统的巨大潜力。”

Highlighting the firm's interest in Nonco, van Eck added: “We are particularly impressed by Nonco's team and their vision for merging stablecoin infrastructure with institutional-grade foreign exchange capabilities. We believe that Nonco is well-positioned to become a leading player in the rapidly growing digital asset market.”

范·埃克（Van Eck）强调了该公司对Nonco的兴趣，“我们对Nonco的团队以及他们将Stablecoin基础设施与机构外汇能力合并的愿景给我们留下了深刻的印象。我们相信，非CO在快速增长的数字资产市场中成为备受瞩目的领先者。”

Nonco has also secured prior funding from firms including Valor Capital, Hack VC, and Morgan Creek Digital.

Nonco还从包括Valor Capital，Hack VC和Morgan Creek Digital等公司的公司获得了先前的资金。

Commenting on the launch of the protocol and the firm's expansion plans, Fernando Martinez, CEO of Nonco, said: “We chose Avalanche for its speed, low fees, and compatibility with Ethereum-based tooling.

Nonco首席执行官费尔南多·马丁内斯（Fernando Martinez）在评论该协议的启动和公司的扩展计划时说：“我们选择了雪崩的速度，低费用和与以太坊的工具的兼容性。

“Nonco is building the next generation of financial protocols on Avalanche to unlock liquidity and provide new use cases forcoins like USDC and USDT. Nonco’s FX On-Chain protocol solves a key inefficiency in stablecoin markets: the lack of institutional FX liquidity.”

“ Nonco正在建立下一代的雪崩财务方案，以解锁流动性，并提供新的用例，例如USDC和USDT。Nonco的FX FX链链协议解决了稳定市场的关键效率低下：缺乏机构FX流动性。”