Take a look at AMMs. Essentially my deposit goes into a pool of two currencies. Let’s use USDC and EUROC for example. The pool is used to facilitate people tr

Take a look at AMMs. Essentially my deposit goes into a pool of two currencies. Let’s use USDC and EUROC for example. The pool is used to facilitate people trading from USDC to EUROC and vice versa. To trade through the pool you’re charged a small fee. 0.01% to 0.3% in most cases. Those fees are then distributed to all the people who deposited in the pool. Proportional to their share of the deposits. I like to think of it as breaking up the fees charged by (now) unnecessary forex brokers and agents and distributing it back to the people.