Cables Finance Revolutionizes Onchain Trading with Non-USD Perpetuals
1min read Cables Finance is pioneering a new era in onchain trading by breaking away from the traditional USD-dominated market structure. Most onchain trading platforms, whether centralized or decentralized, rely heavily on USD-backed stablecoins like USDT and USDC. This dependence forces traders into unnecessary conversions and liquidity fragmentation, creating inefficiencies that slow down capital movement and limit financial accessibility.
Crypto markets have long mirrored traditional finance’s reliance on USD, which has limited true financial accessibility. Even in DeFi, liquidity is overwhelmingly tied to USD, sidelining traders looking for direct exposure to non-USD assets. This creates inefficiencies that slow down capital movement, force traders into redundant swaps, and lock real-world markets out of DeFi’s potential.
Cables introduces non-USD perpetuals, allowing traders to hedge, speculate, and move liquidity without getting stuck in USD conversion loops. Assets like cEUR, cJPY, and cXAU aren’t just representations of offchain value—they are yield-generating instruments and active trading collateral. This shift moves DeFi from a USD-centric framework to one that actually reflects global markets. The integration of non-USD liquidity is a core element of Cables’ vision, and their fundamentals explain why this shift is necessary.
Most trading platforms treat liquidity as a static resource, separating yield generation from active trading. Traders must choose between staking assets to earn returns or deploying them as collateral. This outdated separation fragments capital and slows down the trading experience. Cables eliminates this inefficiency, allowing assets to remain productive at all times.
Holding cEUR, cJPY, or cXAU isn’t just about having exposure to those assets—it’s about earning while you trade. Through Cables’ Liquidity Flywheel, staked rwas generate yield while functioning as collateral, eliminating the need to unstake assets or shuffle liquidity between protocols. This makes it possible to hedge FX exposure, access decentralized gold markets with cXAU, or trade real-world assets without reliance on centralized FX intermediaries. More importantly, Cables’ approach to liquid staking explains why this innovation is so important.
Traditional DeFi platforms—whether centralized or decentralized—force traders into a USD-first model that doesn’t reflect the actual needs of global markets. Even protocols that claim to offer broad asset support still default to USD 