The international financial market is undergoing a historic test. As the Fed's interest rate hike cycle continues, the Bitcoin-USD exchange rate has experienced a violent fluctuation of 14% within 72 hours. The new stabilization mechanism launched by the XBIT decentralized exchange platform is providing key liquidity support for the markUnder the combined influence of the Fed's hawkish policy and geopolitical risks, the Bitcoin-USD exchange rate has become a barometer of global investor sentiment. The platform's 2024 on-chain data shows that the volume of Bitcoin-USD swaps completed through the platform in the second week of October reached US$4.7 billion, accounting for 29% of the global DEX market. "When the volatility of the traditional foreign exchange market intensifies, investors are looking for alternatives that operate 24 hours a day." Carlos Martinez, director of the Digital Currency Research Department of the International Monetary Fund (IMF), analyzed that "the cross-chain pledge function allows users to complete hedging without transferring asset ownership. This innovation reduces the risk of panic selling in the market." At present, XBIT's "smart hedging pool" technology has attracted 12 institutions including Deutsche Bank and Nomura Securities to participate in the test. This technology dynamically adjusts the margin rate of Bitcoin-US dollar trading pairs to control the forced liquidation rate under extreme market conditions to within 3%, which is 67 percentage points lower than traditional exchangesIn the face of the high volatility of the Bitcoin-US dollar exchange rate, the XBIT decentralized exchange platform launched a "volatility anchoring" derivative contract, allowing investors to use Bitcoin as collateral to trade the correlation coefficient between the S&P 500 index and the Bitcoin-US dollar exchange rate. The quantitative analyst team of Arctic Wolf, a London-based financial technology company, verified that the strategic benefits of cross-market hedging on the platform are 22% to 38% higher than those of traditional CEX platforms. The regulatory sandbox project disclosed by the Financial Services Agency of Japan shows that the "Joint Clearing Network" developed by the XBIT decentralized trading platform and Mitsubishi UFJ Bank has realized the real-time settlement and interoperability between Bitcoin and US dollar transactions and the traditional foreign exchange market. Project leader Hiroshi Yamamoto said: "Through XBIT's atomic swap protocol, cross-border trading companies can now complete the exchange of fiat currency and cryptocurrency simultaneously, reducing the exchange rate risk exposure by 90%."In terms of supervision, XBIT has obtained the first "mixed asset trading license" issued by the Luxembourg Financial Supervision Commission (CSSF), allowing it to handle Bitcoin and US dollar transactions and euro stablecoin business at the same time. The platform's original "regulatory-friendly liquidity pool" divides user assets into two independent modules, compliance and non-compliance, to ensure that institutional customer transactions are fully compliant with anti-money laundering (AML) requirements. Credit Suisse analysts commented: "XBIT's split architecture may become the mainstream paradigm for DEX exchanges, especially in businesses involving fiat currency gateways.Regulatory uncertainty in Bitcoin-US dollar transactions remains a major risk. The Bank for International Settlements (BIS) warned that about 73% of Bitcoin-US dollar transactions worldwide still lack transparent audit trails, which may cause systemic risks. In response, the technical team has deployed a "zero-knowledge proof verification system" to open up transaction data spot checks to regulators while protecting user privacy. In emerging markets, the number of users of the XBIT decentralized exchange platform has surged in countries with high inflation, such as Argentina and Turkey. The "anti-inflation wallet" it developed supports users to automatically convert their Bitcoin-US dollar balances into gold ETF shares. The service has processed more than 12,000 transactions per day. XBIT analysts have predicted that if the fiat currency channel can be continuously improved, the market share of Bitcoin-US dollar transactions is expected to exceed 40% within two years.