What is Textile FX?

Textile FX is an instant FX rail for stablecoins. It moves value between non-USD assets (cNGN for the Nigerian naira, wARS for the Argentine peso, wBRL for the Brazilian real, WETH for wrapped ether) and USD stablecoins (USDT and USDC), fully on-chain.

Moving money between a currency and dollars is normally slow and expensive: correspondent banks, OTC desks, multi-day settlement. Textile FX replaces that with request-for-quote per corridor. You name a size, makers price it, and the swap clears in a single on-chain transaction.

Live corridors today:

• cNGN ↔ USDT on BNB Smart Chain (chain 56) and Celo (chain 42220).
• WETH ↔ USDT on Ethereum (chain 1).
• wARS ↔ USDT, wBRL ↔ USDT, and USDC ↔ USDT on Celo (chain 42220).

Two ways to use it

Traders swap one stablecoin for the other at a firm quote for the size they typed. Or name your own rate with a limit order and wait for a maker to take it. See the trader guide.

Fillers are bot operators who answer those quote requests. They price both sides of a corridor, traders execute against their quotes, and they earn the spread they set. See the filler guide.

Why it's different

• Instant: value lands in your wallet in the same transaction you submit. No waiting on a counterparty.
• Transparent: every rate and fee is on-chain and verifiable. The effective rate, fee included, is shown before you commit.
• Open: anyone with a wallet can trade. Filling is open at the contract level, and the filler program is onboarding operators now.

Where to start

You want to	Go to
Convert cNGN, wARS, wBRL, WETH, or USDC to USDT (or back)	How to swap
Set your price and wait	How to place a limit order
Run a bot and earn the spread	How to become a filler
Understand the mechanics first	How it works
Evaluate the technology	Under the hood

The app lives at app.textilecredit.com.