Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc

TL;DR Circle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlement. The system uses RFQ pricing from multiple liquidity providers and smart-contract settlement so both sides of a trade complete together. Circle is providing the software and settlement infrastructure rather than acting as the intermediary holding customer funds. Circle is taking another piece of traditional financial infrastructure onchain, this time targeting the f