‘Bringing the Forex Market On-Chain Is Far More Complex Than Simple Stablecoin Swaps: A Widely Misunderstood Trillion-Dollar Market’ (Author: 菠菜菠菜谈 Web3) The article points out that in the $7.5 trillion/day forex market, actual ‘currency exchange’ only accounts for 28%. The core lies in the global dollar financing network (around 51%) carried by FX swaps, which hides over $80 trillion in off-balance-sheet ‘invisible debt.’ AMMs and institutional demands are structurally mismatched, with retail forex scenarios likely accounting for only 1–2%. Instead of building ‘on-chain forex AMMs,’ it’s better to focus on permissioned chains and compliant infrastructure, addressing pain points in the dollar financing and settlement layer. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=53085