Stablecoins Play a key role in the blockchain industry’s overall infrastructure. On board more of them to a platform is crucial for developers who want to get more non-BSV people to the app. DXS CEO Armen Azatyan recently talked to COINGEEK about reaching new traders in addition to the BSV ecosystem and who Dx Want to aboard the next.
DXS has been one of the silent performance of the BSV ecosystem. Launched in 2020, it has been written Thousands of transactions to blockchain per day since then. It is a trading platform similar to Robinhood by providing simple and user -friendly access to multiple markets for all, complete with leverage options, liquidity pools and the smallest trade as low as a cent. Unlike Robinhood, its business is transparent and users retain custody of vacancies. BSV’s scalable blockchain provides cheap, immediate and transparent settlements and assets tokenized Using BSVs Stas protocol.
The platform connects to users’ external wallets and thus avoids the security risk to host funded wallets/accounts. DXS is also the first BSV app To integrate wallets that are not BSV through a wrapping mechanism on the chain, seamless onboarding users from other blockchains to use BSV without even noticing it (mainly, using BSV as plumbing for peer-to-peer transactions). Besides BSV wallets Hand body and DotwalletIt also links to Metamask, Trust Wallet, Fiorin and Wallet Connect.
Coming soon is Ton’s Telegram Wallet and Tonkeeper Wallet, which means that DXS is likely to be listed in Telegram’s Mini-App store. After that the developers work on board Solana wallets and integrates 1 -set ordinary protocol.
“We want trouble -free deposits and withdrawals,” Azatyan said. DXS’s EVM integration (Metamask and Trust Wallet) works well, but as an Ethereum wallet, Layer 2 or not, it comes with all the network’s deficiencies, like being slow or expensive to use.
Stablecoins are still the murderer -app on blockchain
Azatyan said to have a Stablecoin for DXS users was always a business breaker right from the beginning and having a BSV-in-born USD Stablecoin Be a dream. Fortunately, now that there is a Stablecoin (Mnee) run on BSV blockchain“It will be miles easier to implement it,” which DXS now does.
“It is the only way to attract a wider audience of traders who do not want constant exposure to BSV price volatility,” he added. While BSV is the best network to handle the functionality of the exchange, it is better that it remains in the background as “plumbing” rather than being a speculative access one.
DXS is a great example of how a company can use the BSV network as an infrastructure and succeeds, regardless of the BSV coin’s own market price and with users who may never have owned any bitcoin.
Until recently, approximately 90% of DXS’s trading volumes came from users linked to BSV wallets. However, this number drops when BSV’s market price has dropped or remained stationary in recent years, and diversification in addition to its BSV-centered user base has always been part of DXS’s plans.
“You need it to grow as an independent company,” Azatyan said. If a company is only aimed at BSV holders, its wealth is permanently tied to those in the BSV market price. The same applies only to companies that are focused on holders of a specific digital asset.
DXS’s development team has spent a few years on the Stablecoins from other blockchains and has had to build a lot of their own infrastructure to accept the USDT and USDC. In addition to mnee, dxs looks at centi CCHF (Swiss Franc) StablecoinAlthough the specific token is more trade -focused, it may not be a high priority market to hunt.
At the moment, users can finance their positions on the exchange with BSV, USDC, USDT, Dai, WBTC or ETH. And when he talked about BSV being more open to them outside its sphere, Azatyan said that he would even love to see Tether naturally go on BSV one day.
Tether’s Image and Governance Problems Over the years, this type of desire has made almost heretics in the BSV world, with its public commitment to compliance and openness. But it is currently run naturally on about two dozen different blockchains, and Azatyan said it has become “a stamp of approval for all blockchain” to have its own USDT token. It retains its first mover advantage, and every year it adds its life, adds more liquidity and cement its position in the market.
It is something beyond DXS’s control, but being able to manage the asset that its users want to use most is still the company’s assignment. For BSV itself can simply be the best available infrastructure for apps like DXS and others to be its most valuable asset.
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