Circle launches 24/7 stablecoin FX engine as it chases a slice of the $10 trillion currency market
Summary
Circle launched StableFX on its Arc blockchain, enabling eligible businesses to trade stablecoins around the clock through competing liquidity-provider quotes and simultaneous payment-versus-payment settlement. The service initially documents USDC and EURC trading, with other local stablecoin pairs planned but not fully specified. Access is limited to screened businesses, such as financial institutions and corporate treasury teams. StableFX may let firms rebalance liquidity outside banking hours, but converting partner-issued stablecoins into bank money still depends on issuer redemption, custody and local payout arrangements.
