XREX co-founder and CEO Wayne Huang said, “We keenly understand the struggles faced by many cross-border merchants who lack safe access to U.S. dollar liquidity.” In response, his firm is working with regulators and financial institutions to develop tools that will aid merchants and small businesses in emerging markets to reduce forex loss and gain more reliable access to U.S. dollars.

https://cointelegraph.com/news/publicly-backed-xrex-raises-17m-to-solve-dollar-liquidity-issues-through-blockchain