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Liquidity Hub: Our B2B Crypto Liquidity API Solution
April 14, 2023
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We are excited to announce that Ripple Liquidity Hub is officially open for business. Last year we launched a successful pilot, and now Liquidity Hub is publicly available to provide businesses with a simple, seamless way to manage their modern crypto liquidity needs. Designed for usability and interoperability, it gives enterprise customers a competitive advantage in a multi-asset future.

A Future Defined by Liquidity 

We are rapidly moving towards a multi-asset reality wherein consumers and businesses will have to manage a broad portfolio of assets across fiat, cryptocurrencies, Central Bank Digital Currencies (CBDCs), Non-Fungible Tokens (NFTs) and more. 

Businesses must be able to move into and out of these distinct assets quickly and easily regardless of the number of users on the platform, trading volume, and market efficiency—all aspects which may impact liquidity. A key component to this is ensuring businesses do not have to sacrifice value in order to execute transactions like affordable, real-time cross-border payments. Crypto and digital assets can also enhance transparency and facilitate treasury functions.

These use cases all hinge on interoperability, requiring strong on- and off-ramps between crypto and fiat and deep pools of liquidity between asset pairs—or a crypto asset to bridge lesser pools. 

Maximize Crypto Liquidity 

Liquidity Hub was created in response to the gap and inefficiencies associated with bridging the world of crypto and fiat. It functions as a standalone solution or an extension of our cross-border payments solution which leverages our global network to provide partners access to payout rails worldwide.

As a turnkey solution for enterprises, Liquidity Hub was designed to source digital assets from the broader crypto market more easily and efficiently. We wanted to make it as frictionless as possible for businesses looking to supercharge liquidity, power crypto payments and operations, or support end-customers interested in buying, selling or holding crypto.  

“Liquidity Hub benefits from all the hard-won lessons Ripple gained sourcing liquidity from other providers and across multiple venues for ODL. It combines ease of use, powerful payment integrations, cost savings and more into a single, scalable enterprise-grade platform,” said Brad Chase, Head of Liquidity Products at Ripple. 

Reduce Costs and Free Trapped Capital

Available 24/7/365, Liquidity Hub leverages smart order routing to source a variety of digital assets at optimized prices across multiple liquidity venues, including market makers, exchanges and OTC desks. These deep liquidity pools from multiple providers ensure liquidity is sourced when you need it—from USD to BTC, ETH, ETC, BCH, and LTC.

By optimizing crypto pricing and liquidity across asset pairs, businesses can realize significant cost savings on high-volume transactions like treasury management.

Importantly, Liquidity Hub reduces the need to pre-fund capital positions to source liquidity or transactions within multiple venues, freeing up previously trapped capital that can be applied to other areas of your business.

Eliminate Complex Liquidity Management 

This solution makes it easy to source and manage liquidity across several venues. And because it uses a streamlined API, businesses can get started on their crypto strategies without the intensive integrations and unnecessary investments of time and resources. 

Once live, Liquidity Hub eliminates complex multi-venue management requirements by allowing businesses to access digital assets all in one place. Multi-asset, multi-venue sourcing also locks in optimized pricing and stability to shield businesses from market volatility and price swings. 

The intuitive dashboard enables streamlined managing, trading and reporting of transactions to further simplify digital asset management. This simple, user-focused approach helps companies avoid having to build teams of crypto experts, affording more time, budget and headcount. 

“Liquidity Hub offers both usability and interoperability, helping teams quickly and easily get started and then manage the assets that drive their business,” said Chase. 

Power An Interoperable Future 

Liquidity Hub is an integral part of Ripple’s commitment to helping businesses unlock immediate, real-world value through crypto and blockchain

At its core, it allows for seamless bridging between traditional fiat and crypto assets. Paired with Ripple’s broader suite of products, Liquidity Hub enables businesses to optimize crypto liquidity and tap an extensive network of global payout rails to streamline crypto transactions, treasury management and other applications. 

Its streamlined API and simple, intuitive design make it easy for customers to deploy and manage. And its ability to execute real-time trades around the clock with a minimum number of re-quotes or slippage all while meeting a high bar for security and regulatory standards provides peace of mind for any business. 

Ripple Liquidity Hub is a purpose-built platform for enterprises that confers a critical business advantage in a crypto-first future. 

Available by jurisdiction, click here to learn more about Liquidity Hub. 

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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If you find value in my content, consider showing your support via:

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