Etherfuse, a blockchain infrastructure company focused on tokenized bonds, has launched Etherfuse FX, a new platform for fast currency conversion between US dollars and Mexican pesos. The company says the system can reduce conversion costs by up to 90% for businesses that regularly move money between the United States and Mexico.
For Mexican peso exposure, the system uses tokenized CETES, short-term government treasury bonds issued by Mexico. According to the company, this structure is designed to provide the type of asset backing familiar to institutional finance while improving transaction speed and efficiency.
The solution is aimed at companies that frequently work with multiple currencies. This includes remittance services, payment processors, B2B software providers, and import-export businesses operating between the US and Mexico.
Businesses can connect to Etherfuse FX through standard APIs that integrate with existing payment and accounting systems. The company says most integrations can be completed within two to three weeks.
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