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CoinDesk

2023-01-18 23:01:27

Circle, Uniswap Research Says DeFi Can Solve $2 Trillion FX Risk Problem

Circle, Uniswap Research Says DeFi Can Solve $2 Trillion FX Risk Problem

Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement.

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