Circle Brings 24/7 Stablecoin Settlement to Foreign Exchange on Arc

Circle has expanded its presence in traditional financial infrastructure by launching StableFX on Arc, its blockchain network. The service enables approved institutions to settle foreign exchange transactions using stablecoins around the clock.

StableFX uses RFQ pricing from multiple liquidity providers and smart-contract settlement, allowing both sides of a trade to complete together. This eliminates principal risk, where one side sends currency before receiving it.

Circle is providing the software and settlement infrastructure without acting as an intermediary, holding customer funds instead of transmitting them on behalf of users.