AnchorFX Brings Atomic FX Settlement to Stellar Using Soroban Smart Contracts
AnchorFX is an open-source protocol built on the Stellar blockchain that enables atomic, trustless foreign exchange settlement between regulated financial anchors. The protocol uses two Soroban smart contracts — an Escrow Factory and an FX Rate Oracle — to lock funds, apply exchange rates, and settle transactions in a single atomic flow. Cross-border payments currently average 3-5 days and cost around 6.5%, and AnchorFX aims to address this by leveraging Stellar's 5-second finality and built-in DEX. FX rates are locked at escrow creation and expire after 24 hours, ensuring no slippage between initiation and settlement. The project underwent a full security audit with 257 findings, all critical, high, and medium issues resolved before mainnet deployment.
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