FalconX has teamed up with Crypto.com and other partners to establish Lynq, which focuses on providing an efficient settlement layer for digital and financial institutions. This development comes at a time when stablecoins are gaining significant traction, indicated by a 55.5% increase in market capitalization.
With over 400 tokens at its disposal, FalconX plans to act as a liquidity provider on Lynq’s network. The platform is designed to address the regulatory challenges and counterparty risks prevalent in the crypto space, enhancing institutional participation.
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