The FX market moves an average of $9.6 trillion daily, with much of it still relying on outdated infrastructure, including fragmented venues, prefunded accounts, and T+1 settlement cycles.
StableFX & Circle Partner Stablecoins on Arc enable real-time onchain settlement to connect the world’s currencies through stablecoin infrastructure.
Circle StableFX and Circle Partner Stablecoins are live on Arc Testnet.
A new foundation for FX is here, built on stablecoins, designed for institutions.
@circle is launching two key building blocks for fast, programmable, always-on FX:
→ Circle StableFX: An institutional-grade 24/7 stablecoin FX engine
→ Circle Partner Stablecoins: A program that supports select regional issuers, expanding the range of stablecoin currencies available in StableFX.
Initial participants:
🇦🇺 AUDF by @ForteAUD
🇧🇷 BRLA by @aveniaio
🇯🇵 JPYC by @jpy_coin
🇰🇷 KRW1 by @BDACSKorea
🇲🇽 MXNB by Juno (a @Bitso company)
🇵🇭 PHPC by @coinsph
🇨🇦 QCAD by @stablecorp
🇿🇦 ZARU by the @ZARUniversal
The onchain FX era is here.
→ Competitive pricing from multiple liquidity providers
→ Instant, onchain settlement
→ 24/7 liquidity
All built on Arc, the Economic OS for the internet.
StableFX is currently live on Arc Testnet. Request access to get started:
Read the litepaper:
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