Codex reposted this
USDT and USDC are both supposed to be a dollar, but they've never actually traded as the same one. There's a spread between them, which is usually tiny. Then USDC lost its peg in 2023 and dropped below 90 cents while USDT held. If you promised a customer a dollar in and a dollar out, that was your problem with no clean fix. We've just launched Codex Par: one API call to swap USDT to USDC or back, at 1:1, all the time. You can finally promise your customers true USDT<->USDC swaps at par, with fees billed separately (and transparently) to you. Live since early this year, already doing hundreds of millions a month. And we finally made it public. DM me or book a demo with us to learn more 👇