Circle Could Change Global Money with New Gamble —Or Risk Losing It All

Circle launched StableFX, an initiative to transform the $10 trillion daily foreign exchange (FX) market by enabling 24/7 on-chain currency conversion using stablecoins. The platform, unveiled in November 2025 on Circle’s Arc blockchain, promises to eliminate long-standing FX bottlenecks, such as prefunding requirements, delayed settlement, and fragmented trading venues. Circle Launches StableFX to Modernize Global FX Circle’s StableFX allows institutions to trade stablecoin pairs like USDC/EURC via Req ...