Company
Date Published
Author
Team Circle
Word count
1132
Language
English
Hacker News points
None

Summary

Circle Internet Financial has introduced two new offerings, Circle StableFX and Circle Partner Stablecoins, aimed at revolutionizing the foreign exchange market by utilizing stablecoin technology on their Arc blockchain. Circle StableFX is an institutional-grade FX engine that allows for 24/7 settlement of stablecoin currency pairs, providing competitive rates and reducing counterparty risk through onchain settlement. Meanwhile, Circle Partner Stablecoins is a program supporting select regional stablecoin issuers, enhancing their integration into real-world payments and financial flows, and expanding the range of currencies in StableFX. These initiatives, currently on Arc's public testnet, aim to simplify onboarding, enhance liquidity, and enable real-time, global currency interoperability, paving the way for a borderless financial system.