X Foundation operates in the financial technology sector, focusing on solving the fragmentation and interoperability issues within the current financial system. The company serves enterprises and financial institutions by providing a dedicated Layer 2 blockchain solution, built on the Ethereum Virtual Machine (EVM) and powered by the OP Stack. This technology facilitates near-instant, low-cost cross-border payments and asset settlements, leveraging the native stablecoin, xUSD, to bridge digital assets with the traditional financial system.

X Foundation's business model revolves around offering a comprehensive payment infrastructure that connects decentralized finance (DeFi) with centralized financial services (CeFi). By eliminating the need for centralized intermediaries through smart contracts, the company enables seamless routing of funds and digital assets across different markets and currencies. Enterprises benefit from reduced transaction hops, lower fees, and more efficient asset movement.

Revenue is generated through various channels, including transaction fees, funding fees from a delta-neutral strategy, liquid staking, and the real-world usage of xUSD. The company also provides DeFi applications that allow users to trade, earn yield, and buy derivatives, further enhancing its value proposition.

Keywords: EVM-based blockchain, cross-border payments, asset settlements, xUSD stablecoin, OP Stack, decentralized finance, centralized finance, smart contracts, liquid staking, financial technology.