Curve Finance, a major decentralized cryptocurrency exchange, expanded to the XDC Network on Tuesday, marking a push into institutional markets across Asia and the Middle East.
The integration, announced June 11 on social media platform X, brings Curve’s liquidity pool technology to XDC’s blockchain network, which was originally designed for trade finance applications. The move comes as financial institutions increasingly explore digital alternatives to traditional trade financing.
XDC Network, launched in 2019 by the XinFin Foundation, operates as an enterprise-focused blockchain compatible with Ethereum-based applications. The platform charges minimal transaction fees and can process high volumes of trades, making it attractive for converting real-world assets into digital tokens.
The Bank for International Settlements estimated in 2023 that up to 10% of the global $18 trillion trade finance market could become digitized by 2025. XDC aims to capture part of this shift through partnerships with major companies including Citi Group and the International Chamber of Commerce.
Curve Finance’s signature Stableswap technology allows users to trade between similar digital assets with minimal price impact. The platform enables anyone to create liquidity pools for stablecoins, staking tokens or tokenized assets without permission from a central authority.
The World Trade Organization estimates a $2.5 trillion annual gap exists in global trade financing. XDC’s focus on digitizing trade finance instruments through blockchain technology addresses part of this shortfall by making transactions faster and potentially less expensive.
The collaboration comes as cryptocurrency regulations evolve globally. The European Union’s Markets in Crypto-Assets Regulation, which took effect in June 2023, establishes uniform rules for digital assets across member countries, emphasizing transparency and consumer protection.
XDC has gradually expanded beyond trade finance into broader blockchain applications. Earlier this year, the network integrated with custody service Utila to improve institutional access to digital assets.
Social media users responded positively to the announcement, though the partnership’s long-term success will depend on regulatory compliance and attracting sufficient trading volume.
The deployment includes all of Curve’s core features, with plans to support XDC’s asset tokenization projects. The partnership highlights the growing overlap between decentralized finance platforms and traditional financial services.
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