USDC liquidity provider for a VASP head of treasury: executing large orders without moving the price in Brazil
Immediate execution at a locked price and a settlement window to 18:00: how Crown FX serves large USDC orders from a VASP treasury.
To execute large USDC orders without moving the price, a VASP treasury needs a counterparty with its own inventory. Crown FX quotes, takes the confirmation and executes immediately at the locked price, without going through third-party books.
What supports the execution
- Own inventory: a steady inflow of USDC from non-resident clients and access to large financial institutions.
- Price: referenced to Bloomberg, not to an exchange’s book.
- Spread: visible in the quote before confirmation.
Operation and settlement
Settlement is real time: Pix on the real side and USDC on the dollar side. Orders of very high volume can settle within the business day, up to the close of the settlement grid at 18:00 Brasília time; D+1 or D+2 settlement is also available. The applicable operating limits should be confirmed before routing very large orders.
Channels
The API executes automatically and instantly; the OTC desk, with operators on WhatsApp or Slack, is the channel for large volumes.
See Liquidity Provider versus FX-as-a-Service, dollar-stablecoin providers for Brazilian real payment rails and KYC and AML controls to check at a BRL stablecoin issuer.