Orbit CDP is a decentralized stablecoin protocol built on Stellar's Blend that lets users mint collateralized stablecoins for any currency with a price feed, from Mexican pesos to Brazilian reals. The team is launching with blind pay integration for zero-fee on/off-ramping and building Hermes, a perpetual exchange for FX trading.
Sean from Zenith Protocols discussed Orbit CDP, a maker DAO-style protocol on Stellar that enables decentralized stablecoins for multiple currencies without centralized freeze functions. Built on top of Blend, Orbit lets anyone create a stablecoin if they have an oracle price feed. The team is partnering with blind pay for seamless on/off-ramping with no FX fees, and working with wallets like Cake Wallet for integration. They're also building Hermes, a perpetual exchange for currency pairs with high leverage. Orbit is live with OUSD; other currencies rolling out gradually. Hermes testnet targets late July with mainnet in Q4. The protocol addresses currency devaluation risks for businesses in emerging markets and provides an alternative to centralized stablecoins like USDC.
