Circle's On-Chain Forex Engine StableFX Launches on Arc Mainnet

Circle's on-chain forex engine StableFX has launched on the Arc mainnet. Arc is a public blockchain introduced by Circle, focusing on stablecoins and payment scenarios. StableFX supports round-the-clock settlement, offering near-instant or delayed settlement to ensure that both parties in a transaction either receive funds simultaneously or do not receive funds at all. The engine supports trading with multiple vetted counterparties through a single contract and utilizes a unified RFQ model for pricing. The global forex market has a daily trading volume of nearly $10 trillion, still largely reliant on traditional trading hours.

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