How Stablecoins Are Reshaping FX: Insights from OpenPayd’s Lux Thiagarajah
The foreign exchange (FX) market, one of the most vital components of global finance, is undergoing a transformation driven by stablecoins. Lux Thiagarajah, Director of Growth at OpenPayd and a former JP Morgan FX trader, recently spoke with Forbes about the disruptive potential of blockchain in currency trading and liquidity management.
In The Fed Talks Stablecoins: The Next Disruption in Global FX Markets, Thiagarajah highlighted the inefficiencies of traditional FX settlements and the advantages that digital assets provide. “The ability to settle an FX trade instantly rather than waiting for multiple days could transform how institutional investors manage their currency exposure and liquidity,” he told Forbes.
Tackling the Challenges of FX Settlement
The FX market sees over $7.5 trillion in daily transactions, yet settlement delays of up to two days remain a persistent issue. These delays introduce counterparty risk, tie up liquidity, and add complexity for businesses operating across borders.
Stablecoins provide a compelling solution by enabling near-instant settlement of FX transactions on blockchain networks. Faster processing times mean businesses can optimise cash flow, reduce exposure to market volatility, and improve overall operational efficiency.
OpenPayd: Powering the Future of FX with Blockchain and Banking-as-a-Service
As Thiagarajah pointed out in Forbes, blockchain technology is revolutionising FX trading. OpenPayd is at the forefront of this shift, offering a rails-agnostic infrastructure that combines traditional finance with digital assets, all through a single API.
OpenPayd’s platform enables businesses to hold, convert, and send funds across multiple currencies in real time, eliminating settlement bottlenecks. OpenPayd empowers clients to optimise liquidity, streamline FX operations, and reduce costs.
Seamless Access to FX and Payments via API
With OpenPayd’s API-led infrastructure, businesses gain access to a full suite of banking, payments, and FX services without the inefficiencies of legacy systems. Automated compliance, real-time pricing, and transparent execution remove unnecessary complexity, allowing companies to focus on growth rather than financial friction.
As stablecoins become more widely adopted and regulators provide clearer guidelines, the FX market is poised for a fundamental shift. With OpenPayd bridging the gap between digital assets and traditional finance, businesses are now able to leverage the benefits of blockchain while maintaining the stability of established financial systems.
Read the full Forbes interview with OpenPayd’s Lux Thiagarajah here.
