A corridor is a currency pair that dCLS settles. The parties agree the rate themselves, the fiat stays in its own country, and both legs of the deal clear at the same time.
RUB_T <-> AED_T
The UAE is a major re-export hub and the dirham is pegged to the dollar. A resident fund in the UAE issues the settlement token, the fiat never leaves the country, and offsetting import and re-export flows provide netting material.
RUB_T <-> CNY_T
Settlement runs through offshore CNH yuan (Hong Kong). Direct minting in mainland China is not offered. The corridor covers offsetting import and export flows between Russia and China.
RUB_T <-> TRY_T
Grain, raw materials and agricultural exports form a steady offsetting flow. Türkiye acts as the counterparty that balances positions on commodity and food contracts.
RUB_T <-> BYN_T
An intra-EAEU corridor with a short leg and a stable offsetting flow. Suited to regular settlements between union residents without routing through third currencies.
The corridors above are the focus at launch. 40+ jurisdictional currencies are available to issue: each is minted by its own country's fund as a FiatToken with 1:1 backing. A new corridor opens by agreement between the parties, with no contract changes.
The full currency set is available to issue under the jurisdictional-fund model; the corridors above are the launch focus. The current status is a reference deployment on the Ethereum testnet (Sepolia); rollout to mainnet is phased, as each corridor clears its legal and compliance perimeter. Specific currencies and launch timelines are agreed during KYB onboarding. The legal qualification of a FiatToken depends on the fund's jurisdiction and is not legal advice.
Multi-currency netting only works when there are offsetting counterparties. The more active corridors, the fewer actual transfers are needed to close positions.