Circle public blockchain Arc announced the mainnet launch of StableFX

The public chain Arc officially announced that Circle's on-chain foreign exchange engine StableFX has now launched on the Arc mainnet. Arc is the public chain launched by Circle, aimed at stablecoins and payment scenarios.

The global foreign exchange market has a daily trading volume of nearly 10 trillion USD, most of which still relies on traditional trading hours. StableFX supports round-the-clock settlement, allowing for near-instant or delayed settlement, where both parties can either receive funds simultaneously or not at all to reduce settlement risk. A single contract can trade with multiple vetted counterparties and obtain pricing through a unified RFQ model.