> Foreign exchange moves $9.6 trillion a day and still settles in two days. This report explores how stablecoins attack the slowest, most expensive layer of global payments, and what banks, fintechs and issuers need to trade currencies onchain at institutional scale.

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Report

# The Stablecoin FX

Foreign exchange moves $9.6 trillion a day and still settles in two days. This report explores how stablecoins attack the slowest, most expensive layer of global payments, and what banks, fintechs and issuers need to trade currencies onchain at institutional scale.

![The Stablecoin FX report cover](https://dfns.co/images/reports/stablecoin-fx-cover.png)