Circle Launches StableFX On-Chain Forex Engine
2025-11-13 14:10:33
On November 13th, USDC issuer Circle announced the launch of StableFX, a stablecoin-based foreign exchange engine designed to enable 24/7 on-chain currency trading through its self-developed Arc blockchain. The product is currently live on the testnet and is scheduled to launch on the mainnet in 2025. StableFX allows institutional users to trade stablecoin currency pairs in real time and provide quotes from multi-liquidity providers. Circle also launched the Circle Partner Stablecoins project, which supports non-USD stablecoins including Adney (BRLA), Juno (MXNB) and Stablecorp (QCAD).
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