The Crypto Conversation The Future of FX - DFX is a DEX for stablecoins
DFX is an Ethereum-based decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins using real-world FX price feeds. Mainstream adoption of Web 3.0 requires assets that are protected from price volatility. By focusing on fiat-backed stablecoins on the Ethereum blockchain, DFX leverages the existing defi ecosystem to bootstrap humanity's next-generation foreign exchange.
Why you should listen:DFX is a decentralized foreign exchange protocol optimized for stablecoins. In building the protocol, DFX will bring liquidity and volume to fiat-backed stablecoins globally. The next generation of global finance cannot rely solely on USD-pegged stablecoins. A decentralized protocol where users can efficiently exchange stablecoins pegged to various foreign currencies is not only important but necessary.
DFX has added the NZDs, the New Zealand Dollar Stable Coin to the protocol. NZDs is a New Zealand Dollar (NZD) Stable Coin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider. New Zealand's currency is a leader in adaptability, resilience, and market trustworthiness. NZD is the 10th most traded currency globally. The NZD stable coin will offer cryptocurrency users the stability and utility of the New Zealand Dollar with the versatility of a cryptocurrency. The NZDs is issued by Techemynt.
Supporting links:Castle Island Stablecoin paper
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