FX
Foreign exchange in multi-currency fintech and stablecoin corridors
FX in tokenised stacks
Even when users hold a regional asset like XOFC, treasury often holds USDC or EURC for global liquidity. FX appears at on-ramp (user pays USD, receives euro or CFA-pegged balance), swap (USDC ↔ XOFC), and off-ramp (convert balance, pay local fiat).
Quote vs execute
Good FX integration separates quote from execute:
- Quote returns rate, fees, expiry timestamp
- User accepts within window
- Execute locks rate and initiates conversion
Stale quotes cause revenue leakage or user disputes. PayLink Swap and AutoRouter follow this pattern for cross-asset moves.
Spread components
| Component | Description |
|---|---|
| Mid-market rate | Reference from FX feed |
| Platform spread | Revenue + risk buffer |
| LP slippage | Market depth for size |
| Rail fees | Bank wire, mobile money, card costs |
Disclose all-in landed amount to end users where regulation requires.
Hedging treasury
If you hold multi-currency float across USDC, EURC, and regional assets, define hedging policy—natural offset via flows vs explicit forward contracts. LP partners may offer inventory; monitor concentration risk.