The Canada SailGP Team is an independent team and was the 10th team to join SailGP at the beginning of Season 3 in Bermuda. With finance ever-changing, Shift is dedicated to providing a better financial ecosystem for clients and the world around us. Shift Markets is dedicated to promoting financial equality in emerging markets in FX and crypto by providing cutting-edge technology to clients. Shift Markets provides cryptocurrency exchange solutions, brokerage trading technology, liquidity, risk management, compliance, and marketing services for clients. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). For more information, visit and Ĭircle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Stablecorp focuses on consumer and personal treasury management, including cross-border payments, FX and leading analytics on digital asset borrowing and lending solutions, all leveraging blockchain technology. Through its three product lines – Forge, Grapes and YaaS – Stablecorp blends bleeding edge technology with innovative approaches to solving customer needs to create "step function" improvements in financial services. Stablecorp is a leading Canadian fintech firm building bank-grade blockchain technology. This collaboration is just one example of our partners, Algorand and Stablecorp, working together to deliver groundbreaking solutions that are both efficient and seamless," said Fred Pye, Founder and Owner of Canada SailGP Team. "The future of finance is digital, and it is our goal to be the first fully digital SailGP Team, possibly sports team, in the world. The $1.7tn Canada / US corridor is a fantastic avenue to begin putting these types of solutions in place and we are thrilled to work with Circle and Shift Markets to deliver this valuable treasury solution to the Canada SailGP Team." Stablecorp President and Chief Executive Officer Alex McDougall said: "Digital assets have been held up as a cure-all for financial friction, but until now we haven't put in place these types of connected, ecosystem driven solutions that enable individuals and companies to truly monetize these friction reductions. By partnering with Stablecorp, we are taking some the foundational steps in creating fast, secure, and cost-effective infrastructure to propel this financial ecosystem onto the blockchain," said Ian McAfee, CEO of Cables Finance.
"There is such a large need and lack of resources for cross border payments and foreign exchange on-chain. Altogether, Stablecorp estimates that total fees and spreads on cross-border transactions can be reduced by as much as 95% and settlement time reduced from on average three to five business days to near instantaneously. Shift Markets leverages a deep pool of FX liquidity using their own Cables Finance product to maintain highly efficient trading pairs across multi-currency stablecoins including QCAD / USDC and QCAD / EUROC. Given the entirely on-chain nature and the very low-cost transaction fees of the Algorand blockchain, these transactions can be settled nearly instantly (including on weekends) and for close to zero fees. The USDC or EUROC is then settled through Circle's payment infrastructure, enabling Canada SailGP Team and others to make digital asset and fiat payouts to 3 rd party suppliers and athletes like Ramshaw. This QCAD is then converted into USD Coin (USDC) or Euro Coin (EUROC) on the Shift Markets on-chain FX platform Cables. To enact this cross-border payment, the Canada SailGP Team will leverage Grapes Finance, the newly launched Stablecorp treasury management platform, to seamlessly convert Canadian fiat into one of Stablecorp's Canadian stablecoins QCAD.
0 kommentar(er)
