Gravity Team has launched an institutional over-the-counter desk offering stablecoin settlement in under 60 seconds and T+0 fiat settlement in more than 20 currencies where local banking conditions allow. CEO and co-founder Mārtiņš Beņķītis said stablecoins speed the on-chain portion of cross-border payments but do not eliminate the need for local-currency liquidity, banking access, compliance checks or payout infrastructure. Gravity Team estimates that traditional correspondent banking can tie up 20% to 40% of monthly payment flows in pre-funded accounts, while stablecoin settlement costs 0.1% to 0.4% of principal across the corridors it studied, compared with 3% to 11% for correspondent banking after foreign-exchange spreads, intermediary charges and capital costs. The desk will act as principal counterparty for institutional clients including payment providers, fintech companies and brokers, offering quoted execution, credit lines and direct banking access in more than 20 markets. Gravity Team currently supports the Philippine peso, Indonesian rupiah, Mexican peso, Brazilian real, euro, British pound and U.S. dollar, and plans to add the Vietnamese dong. Its internal data says 3% to 7% of traditional inbound wires in its Southeast Asian and Latin American corridors are delayed or returned on the first attempt, while stablecoin transfers clear on-chain more than 99.9% of the time once broadcast. The company says the decisive test remains whether the complete payment reaches the recipient at the quoted price and within the promised period.