Inside SSI | Landscape | 3

Inside SSI | Landscape week | 3 Americas snapshot 🌎 🏦 Fedwire & CHIPS dominate USD clearing; as of 2024 CHIPS settles US $1.8 trillion per day, but...

**Inside SSI | Landscape week | 3
Americas snapshot 🌎**
🏦 Fedwire & CHIPS dominate USD clearing; as of 2024 CHIPS settles US $1.8 trillion per day, but membership is limited and netting reduces liquidity needs. FedNow is ultra‑fast but domestic‑only.
🌐 Latin America is a currency maze, Brazil's STR, Argentina's capital controls and Mexico's SPEI all operate under different rules. Many cross‑border transfers still settle in USD.
🇪🇸 Spanish giants Santander & BBVA bridge Europe ↔ LatAm with their in‑house networks.
Why it matters: The right SSI partner (NYC clearer or local LatAm hub) can reduce FX mark‑ups and repair risk.

Topics: SSI, Payments, Stablecoins, FX