# introduction

**handle.fi is a decentralised trading  & multi currency stablecoin protocol.**

the handle protocol allows users to leverage [trade](https://docs.handle.fi/the-platform/trade) & [convert](https://docs.handle.fi/the-platform/key-functions/convert) crypto and FX plus [borrow ](https://docs.handle.fi/the-platform/mint)and [earn ](https://docs.handle.fi/the-platform/stake)from multi-currency stablecoins; called fxTokens. \
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stablecoins are digital currencies that aims to maintain market value by pegging their price to an external asset class. fxTokens are collateral backed stablecoins representing, and soft pegged to, a range of currencies. 

on average, **$7.5 trillion trades every day (1) in the worldwide foreign exchange market, with 2022 volumes in the vicinity of $2.74 quadrillion💱.**

the USD is the global reserve asset and as the world of DeFi has grown, there has been a proliferation of USD backed stablecoins, trading volumes in excess of $30Bn per day.\
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DeFi users don't want to be limited by a protocol as a result of the stablecoin currency being offered. having multicurrency fxTokens allows you to **hedge, settle, speculate, transfer and borrow** in the currency of choice.

{% hint style="info" %}
handle.fi is non-custodial which means you keep control over your assets. this removes the need for a third party intermediary to handle your funds.
{% endhint %}

currently available fxTokens:

* Australian Dollar ([fxAUD](https://arbiscan.io/token/0x7E141940932E3D13bfa54B224cb4a16510519308))
* British Pound ([fxGBP](https://arbiscan.io/address/0x1AE27D9068DaDf10f611367332D162d184ed3414))
* Canadian Dollar ([fxCAD](https://arbiscan.io/address/0x398B09b68AEC6C58e28aDe6147dAC2EcC6789737))
* Chinese Renminbi ([fxCNY](https://etherscan.io/address/0x2c29daace6aa05e3b65743efd61f8a2c448302a3))
* Euro ([fxEUR](https://arbiscan.io/token/0x116172B2482c5dC3E6f445C16Ac13367aC3FCd35))
* Japanese Yen ([fxJPY](https://arbiscan.io/tx/0xf85293b3ab25aeaadf1bd070eb7e25c4267eb6987674b060936a1ccc405be06c))
* Phillipine Peso ([fxPHP](https://arbiscan.io/token/0x3d147cD9aC957B2a5F968dE9d1c6B9d0872286a0))
* Singapore Dollar ([fxSGD](https://arbiscan.io/address/0x55a90F0eB223f3B2C0C0759F375734C48220decB))
* Swiss Franc ([fxCHF](https://etherscan.io/address/0x8c414cb8a9af9f7b03673e93df73c23c1aa05b4e))
* US Dollar ([fxUSD](https://arbiscan.io/token/0x8616E8EA83f048ab9A5eC513c9412Dd2993bcE3F))

[(1)](https://www.bis.org/statistics/rpfx19_fx.htm) <https://www.bis.org/statistics/rpfx22.htm>

[(2) https://www.coingecko.com/en/stablecoins](https://www.coingecko.com/en/stablecoins)