Cables Finance launched on Stellar as a hybrid FX exchange combining centralized liquidity with on-chain settlement. Features include central limit order book (CLOB), slippage-free trading, and OTC capabilities, backed by Stellar Development Foundation.
Cables Finance launched on the Stellar network as a hybrid decentralized exchange for foreign exchange markets. The platform combines centralized liquidity with on-chain settlement, using Soroban smart contracts. Key features include a central limit order book (CLOB), slippage-free trading, and OTC trading capabilities designed for institutional traders. The partnership with Stellar Development Foundation marks a step toward bringing FX market infrastructure to blockchain. SDF's VP of Product noted the collaboration aligns with the foundation's goal of expanding global financial access, particularly for underbanked economies and emerging markets where currency stability and cross-border trade are critical. Cables' launch demonstrates how blockchain settlement can bridge traditional financial liquidity with transparent, on-chain trading infrastructure for previously inaccessible markets.
