US stock trading for investors in the Asia-Pacific region gets smoother with StanChart's introduction of the stablecoin FX for T+1 settlement.
Zodia Markets Expands Operations and Predicts Growth in Stablecoin Transactions
Zodia Markets, a venture founded by Standard Chartered's SC Ventures, has been making waves in the financial industry. Initially launched as a crypto brokerage and exchange, the company has since pivoted to an over-the-counter (OTC) FX settlement solution for cross-border payments involving stablecoins.
As of the middle of this year, Zodia Markets was trading $50-$60 million a day, demonstrating its growing influence in the market. This growth is expected to continue, driven by U.S. regulation.
Zodia Markets is currently trialing the use of stablecoins, a digital currency that aims to maintain a stable value by being pegged to a fiat currency or other assets. The company believes that stablecoins could offer solutions for non-US traditional finance (TradFi) investors seeking to address foreign exchange challenges raised by the US move to T+1 for equity settlement.
The report from Standard Chartered and Zodia Markets predicts that stablecoins could represent 10% of US M2 transactions and 10% of foreign exchange (FX) transactions. This growth is expected to be managed by the Office of the Comptroller of the Currency (OCC), the key US regulatory authority responsible for overseeing the growth of stablecoin transaction volumes and managing licensed stablecoin issuers, including those that handle significant portions of cross-border transactions under the GENIUS Act framework established in 2025.
By the end of this year, pro subscribers to Zodia Markets will have access to complete articles, exclusive industry analysis, and early access to legislative updates related to stablecoins. These updates will provide deeper insights and help professionals stay ahead of the competition.
In conclusion, Zodia Markets is at the forefront of the stablecoin revolution, providing solutions for cross-border payments and predicting significant growth in the use of stablecoins. The company's focus on regulatory compliance and its strategic partnership with Standard Chartered position it well for continued success in this rapidly evolving market.
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