Ratio CEO Says Multi-Currency Stablecoins Could Eliminate Costly FX Conversions Across Asia

AI Summary Global trade still relies on outdated correspondent banking networks, pre-funded Nostro/Vostro accounts, and time-zone mismatches that cause multiday delays. Industry leader John Cho advocates for a multi-currency stablecoin ecosystem where local currency stablecoins complement USD stablecoins to prevent double foreign exchange conversions. The Friction of Foreign-Exchange Overhead For decades, the global financial plumbing that powers […] fulltext: 449 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/ratio-ceo-says-multi-currency-stablecoins-could-eliminate-costly-fx-conversions-across-asia/ Source: Bitcoin.com News