Circle launches 24/7 stablecoin FX engine to target $10 trillion currency market

Circle has introduced StableFX, a 24/7 foreign-exchange settlement service on its Arc blockchain, aiming to modernize the $10 trillion daily global FX market. The platform allows vetted businesses to request quotes from multiple liquidity providers and execute simultaneous, atomic stablecoin settlements. By separating trade execution from settlement and utilizing smart-contract escrow, the system seeks to reduce settlement risk and operate outside traditional banking hours. This launch follows the recent mainnet debut of Arc on September 16.