Gravity Team launches OTC desk to solve stablecoin settlement bottlenecks

Gravity Team has launched an institutional over-the-counter (OTC) desk providing T+0 fiat settlement in more than 20 currencies. The move addresses a critical bottleneck in the stablecoin ecosystem: while stablecoin transfers can cross borders in seconds, converting them into spendable local currency remains a fragmented and slower process.

Mārtiņš Beņķītis, co-founder and CEO of Gravity Team, noted that stablecoin infrastructure faces a liquidity challenge because tokens serve different purposes for market makers versus payment companies. While market makers use stablecoins to manage inventory and quote prices across exchanges, payment businesses use them to fund conversions for local currency payouts.

Gravity Team’s analysis indicates that traditional correspondent banking can tie up between 20% and 40% of monthly transaction flows in pre-funded accounts. The company aims to mitigate these inefficiencies through its new settlement services.