STP is a massive value add to the Stablecoin industry. Institutions & retail will be able to swap any Genius-compliant stablecoin • at 1:1 ratio • $1-10M size in a single tx • minimal fees ≈ 1-3 bps Check the thread below 🧵 and stay tuned Disclosure: I work at Proximity Labs, which is assisting with GTM efforts for STP, a protocol developed by the independent firm Yonder Labs.

Proximity Labs
@proximityfi
1/6 Today we introduce the Stablecoin Transport Protocol (STP) litepaper. Developed by Yonder Labs, STP enables cross-chain stablecoin swaps in sizes of 1M to 10M+ with no slippage and very low fees (1 to 3bp). Stablecoin Transport Protocol is purpose built for maximum
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