$100 crossing a border touches more hands than you'd think a bank in the middle, a fintech skipping that bank, then a stablecoin sandwich skipping the fintech.
we wrote the full story of how money moves, and where it still loses value without anyone telling you.
read it here →medium.com/@tomerbariach/tex…
Moving between local currency and USDT shouldn’t have to be complicated.
I’ve been playing around with Textile lately and honestly, I like how simple it feels.
Moving from cNGN to USDT without the usual back-and-forth is a pretty nice experience.
It’s one of those things you don’t fully appreciate until you actually use it.
If you’re looking for a safe, straightforward place to make your conversion, give Textile a try.
app.textilecredit.com
Start enjoying @Textileprotocol today.
New on Celo: @idrx_co, the regulated IDR stablecoin, backed 1:1 by Rupiah reserves and bonds.
For builders targeting Southeast Asia, direct onchain IDR ↔ USD₮ swaps via @Textileprotocol are live.
BREAKING: @idrx_co, the regulated, fiat-backed Indonesian Rupiah stablecoin, is live on Celo, the most widely adopted network for stablecoin payments 🇮🇩
Backed 1:1 by Rupiah reserves & bonds, IDRX will power remittances & payments & w/ @Textileprotocol onchain FX from day one!
How does a price get set on Textile FX?
Here is a short breakdown:
• Someone with capital quotes a buy price and a sell price for a currency pair
• You trade against whichever quote is best at that moment
• If more people are quoting, the gap between buy and sell gets tighter. That gap is the real cost of a trade, the fee or the spread.
This is exactly how pricing works on Textile FX, and you can see it live before you confirm anything.
try it yourself → app.textilecredit.com
New All-Time High: @TextileProtocol processed $1.5M+ in onchain FX volume on Celo yesterday!
Textile supports 10 assets on Celo, incl. @idrx_co, @cngn_co, @RipioHQ's $wARS, $wBRL, $wCOP, $wMXN & @Tether USD₮
FX is fast, low-cost & 24/7 on Celo. Textile puts it to work
Just last week:
1. $IDRX volume reaches $1M on @Textileprotocol
2. @RipioHQ$wARS, $wBRL & $wCOP local currencies support by Celo native x402
The proof is stacking, Celo global payments and FX are inevitable
the World Bank has tracked the average cost of sending remittances for over a decade. it's still around 6% globally barely moved, despite a decade of "disruption."
the fintech era made transfers faster. it didn't make the pricing honest. that's the gap Textile FX was built to close.
check the actual rate before you send → app.textilecredit.com
new ATH! above $2M traded in one day :)
naira <> USDT and rupiah <> USDT.
the last record lasted three days, this one is almost double I know i said I'd wake you up at $5M sorry.
The goal $5M before token2049, wish us luck.
new ATH!
$1.1M traded in one day, between naira <> USDT and rupiah <> USDT.
(also it's the first time we crossed $1m in a single day!)
let me wake you up again when we get to $5M in a single day, wish us luck.
Last week at Textile FX:
• $17m+ in total volume
• $1m+ traded on IDRX/USDT under a week
• Textile FX set a new single day record, surpassing $1m transaction in 24 hours.
This is what it looks like when a network scales through actual usages.
More partnerships and updates dropping this week. Stay close.
app.textilecredit.com
we’ve been running a lot of A/B tests over the past month around large-size onchain FX with institutional-grade rates
over the last few days, we pushed it further with @Celo and @Textileprotocol
thee results have been very, very good
new ATH!
$1.1M traded in one day, between naira <> USDT and rupiah <> USDT.
(also it's the first time we crossed $1m in a single day!)
let me wake you up again when we get to $5M in a single day, wish us luck.