Shift Markets announced Cables, a semi-decentralized exchange coming to Stellar that combines centralized liquidity with user self-custody, enabling faster cross-border payments and trading with better rates than traditional channels.
Shift Markets, an FX and crypto infrastructure company since 2009, presented how their white-label technology integrates with Stellar to solve remittance and cross-border payment challenges. They demonstrated a use case where a Toronto construction company pays a Rio de Janeiro web design firm using Stellar-based stablecoins instead of traditional banking, reducing fees and settlement time. The company announced Cables, a semi-decentralized exchange launching on Stellar that allows users to connect their Stellar wallets, trade with Shift's FX liquidity, and maintain self-custody of assets. Cables addresses liquidity and price discovery issues in existing decentralized exchanges while moving toward greater decentralization. The platform will include geo-blocking, KYT integration, and KYC options for institutional users.