Circle's Arc Blockchain Launches StableFX on Mainnet

Circle's Arc blockchain has deployed StableFX, an on-chain foreign exchange engine, to its mainnet. Designed for stablecoin and payment use cases, StableFX enables 24/7 settlement and reduces counterparty risk by ensuring simultaneous fund delivery. The platform utilizes a unified request-for-quote (RFQ) model to provide pricing for global foreign exchange transactions.