Circle Unveils On-Chain FX Engine to Expand Stablecoin Trading on Arc Network

USDC stablecoin issuer Circle has launched Circle StableFX, an institutional-grade foreign exchange engine that enables 24/7 stablecoin currency pair trading with on-chain settlement on its Arc blockchain network. The company simultaneously announced Circle Partner Stablecoins, a program supporting select regional stablecoin deployments on Arc, creating a unified infrastructure stack for global FX activity, according to a press release shared with Decrypt. The dual offerings is built on Arc’s Layer-1 blo ...