Finance Director Paying Overseas Suppliers: Stablecoin FX Through an OTC Desk, Settled in Minutes in Brazil
How the Crown FX OTC desk settles in minutes the FX of a company that often pays suppliers abroad, versus up to two business days at a bank.
A company that regularly pays suppliers abroad can use the Crown FX OTC desk to convert reais to USDC with settlement in a few minutes, where a bank remittance takes up to two business days. Orders are agreed directly with Crown’s operators by WhatsApp or Slack, the channel meant for large volumes.
How a trade runs
- The company asks the desk operator for a quote.
- The desk answers with the price and the whole spread on view.
- The company confirms; execution is immediate at the locked price, within applicable operating limits.
- Settlement is real time: Pix on the real side, USDC on the dollar side.
Timing and size. For payment operations the documented ceiling is US$ 100,000 per operation. Settlement takes minutes, and Crown can also settle on D+1 or D+2 on request. Sending the USDC on to the supplier is a step the company performs itself, between wallets.
More: paying Brazilian suppliers with a stablecoin, traditional FX versus stablecoin FX and the Liquidity Provider and FX-as-a-Service models.