Circle launches StableFX on Arc mainnet for 24/7 onchain FX trading

Circle has officially launched StableFX, an onchain foreign exchange trading platform, on its Arc layer-one blockchain mainnet, Crypto Briefing reported. The platform allows institutional investors to access 24/7 onchain FX trading. StableFX supports trading between more than 20 stablecoins and operates by pricing trades through an offchain RFQ, or request-for-quote, process before settling them on the Arc network.