HomeUncategorizedBlockchain Evolution: CablesFinance Unveils Stellar Integration for Financial Inclusion

Blockchain Evolution: CablesFinance Unveils Stellar Integration for Financial Inclusion

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  • CablesFinance launches on the Stellar network, introducing advanced trading features to enhance the transparency of the global FX market.
  • The integration includes a semi-decentralised model, a central limit order book, no-slip trading and over-the-counter capabilities.

CablesFinance has recently launched its services on the Stellar network, marking a significant advancement in integrating traditional finance with blockchain technology. This collaboration is set to reform foreign exchange (FX) trading globally by enhancing transparency, accessibility, and fairness.

The integration features a semi-decentralized exchange model that combines centralized liquidity with self-custody. It introduces trading features such as a central limit order book (CLOB), slippage-free trading, and over-the-counter (OTC) capabilities. 

The initiative also aims to expand access to financial services globally, particularly in regions experiencing currency instability.

Related: Ripple Rival Stellar Lumens Targets Ethereum Territory with Smart Contract Platform

This partnership is seen as a critical development for both CablesFinance and Stellar, potentially contributing to a more inclusive financial environment. Notably, CablesFinance is the first decentralized exchange to launch on Soroban, Stellar’s smart contracts platform, anticipated to further attract integration of financial services.

Soroban, designed to enhance the Stellar network’s capabilities, is developer-friendly and built on Rust, facilitating ease of use and scalability. It offers tools such as SDKs, CLI, RPC server, and a local sandbox to aid developers. 

The platform is engineered for high performance, featuring multi-core scaling, an optimized fee model, and solutions to manage state bloat efficiently.

Supporting Turing-complete smart contracts through WebAssembly (WASM), Soroban enables developers to create complex decentralized applications more efficiently and flexibly. It connects to Stellar’s network, providing access to a wide range of on-chain assets and fiat conversion pathways.

Read more: Breaking News: Stellar Launches ‘Soroban’ Smart Contracts with Phased Approach

The Stellar Development Foundation has established a $100M Soroban Adoption Fund to promote development on the platform. This fund offers grants and funding opportunities to support new projects.

For CablesFinance, the role of Soroban is vital, enabling it to leverage Stellar’s network to create semi-decentralized financial services. By utilizing smart contracts, CablesFinance aims to enhance the transparency, security, and efficiency of FX trading and other financial operations. 

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628