XStable Brings Gold and FX Markets On-Chain with Sui Partnership

XStable, a decentralized perpetual trading platform for real-world assets, has partnered with the Sui Network to bring on-chain trading for gold and FX markets. The integration, which went live around September 8, adds Sui Wallet connectivity and USDC deposit and withdrawal support to XStable's platform.

XStable operates as a decentralized perpetual futures platform focused exclusively on real-world assets, using a central limit order book (CLOB) mechanism. This approach mimics traditional exchanges rather than relying on automated market makers. The platform supports perpetual contracts for gold (XAUUSD), silver (XAGUSD), platinum (XPTUSD), and palladium (XPDUSD), with all settlements happening in stablecoins.

The non-custodial angle matters here, as users maintain control of their funds throughout the trading process, a meaningful differentiator from centralized platforms. The platform also touts programmable risk controls, giving traders and developers the ability to set automated parameters around their positions.