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Multi-currency interface showing lending and borrowing in different stablecoin denominations

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Overview

Centuari’s Stablecoin Enabler expands fixed-rate lending beyond USD to support multiple fiat-denominated stablecoins. Lend and borrow in your local currency without conversion friction.
Global Access: Whether you operate in USD, EUR, JPY, or other currencies, Centuari enables fixed-rate lending in your preferred denomination.

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Supported Stablecoins

CurrencyStablecoinIssuerStatus
USDUSDCCircle✅ Live
USDUSDTTether✅ Live
USDDAIMakerDAO✅ Live

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Why Multi-Currency Matters

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For Global Users

No FX Conversion

Lend in EUR, borrow in EUR. No currency conversion fees or slippage.

Local Rates

Fixed rates denominated in your local currency, not synthetic USD exposure.

Regulatory Compliance

Operate in locally-regulated stablecoins that meet your jurisdiction’s requirements.

Natural Hedging

Match your lending currency to your liabilities or revenue streams.

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Use Cases

A European company holds EUR revenue and wants fixed-rate yield without USD exposure.Solution: Lend EURC at fixed rates, receive returns in EUR-denominated stablecoin.
A user in Japan wants to earn yield on JPY savings without converting to USD.Solution: Lend JPYC, earn fixed JPY-denominated returns.
A company with EUR costs and USD revenue wants to borrow in EUR.Solution: Deposit USD collateral, borrow EURC at fixed rates.

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How It Works

Each currency operates as an independent market: 
USD Market              EUR Market              JPY Market
────────────            ────────────            ────────────
USDC Lenders     ←→     EURC Lenders     ←→     JPYC Lenders
    ↕                       ↕                       ↕
USDC Borrowers          EURC Borrowers          JPYC Borrowers
    ↕                       ↕                       ↕
USD Rates               EUR Rates               JPY Rates
(e.g., 8%)              (e.g., 6%)              (e.g., 3%)

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Independent Rate Discovery

Each currency market has its own supply/demand dynamics:
  • USD markets may offer 8% APY
  • EUR markets may offer 6% APY
  • JPY markets may offer 3% APY
Rates reflect each currency’s market conditions, not arbitrary conversions from USD.

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Cross-Currency Collateral

Borrow in any currency using collateral in any currency. Centuari supports cross-currency collateralization.
ScenarioCollateralBorrowSupported
StandardUSDCUSDC✅
Cross-currencyUSDCEURC✅
Cross-currencyETHJPYC✅
Cross-currencyEURCUSDC✅

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FX Risk Considerations

Cross-currency borrowing introduces FX risk. If your collateral currency weakens against your borrow currency, your health factor decreases.
Example:
  • Deposit: $10,000 USDC as collateral
  • Borrow: €8,000 EURC
  • If EUR strengthens vs USD, your loan value in USD terms increases
  • Health factor decreases
Mitigation:
  • Maintain higher collateral ratios for cross-currency positions
  • Match collateral and borrow currencies when possible
  • Monitor FX movements

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Currency Abstraction

For users who don’t want to think about currency:

Currency Abstraction

Let the protocol handle currency optimization automatically
 Currency abstraction:
  • Analyzes rates across all currency markets
  • Suggests optimal currency for your goals
  • Can auto-convert at entry/exit (with user permission)

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Market Parameters by Currency

CurrencyMin OrderMax MaturityProtocol Fee
USD (USDC/USDT/DAI)100 USD365 days0.1%
EUR (EURC)100 EUR365 days0.1%
JPY (JPYC)15,000 JPY365 days0.1%

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Integration with Other Products

Stablecoin Enabler works seamlessly with:
  • Fixed Rate Lending: Same Easy/Advanced modes, CBT mechanics
  • Mutual Fund Vaults: Multi-currency vault strategies
  • RWA Collateral: Use RWA to collateralize non-USD loans
  • Yield Router: Auto-deploy idle capital across currency markets

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Roadmap

1

Phase 1: USD Dominance (Live)

USDC, USDT, DAI with full feature support
2

Phase 2: EUR Expansion

EURC launch with cross-currency collateral
3

Phase 3: Asia-Pacific

JPYC, XSGD for Asian markets
4

Phase 4: Global Coverage

Additional currencies based on demand

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FAQs

No. Each currency market has independent rate discovery based on local supply and demand.
Currency conversion is available through integrated DEX routing. Protocol doesn’t hold conversion reserves.
Each stablecoin has its own risk profile. The protocol monitors peg stability and can pause markets if significant depeg occurs.
Cross-currency positions require higher collateral ratios (typically +10-20%) to account for FX volatility.

Supported Stables

View all supported stablecoins and their details

Currency Abstraction

Learn about automatic currency optimization