Odaily News Circle announced the launch of two new products based on its Arc Blockchain (scheduled to launch Mainnet in 2026): Circle StableFX and Circle Partner Stablecoins. Circle StableFX: This is an institutional-grade, stablecoin-based forex (FX) engine, currently available on the Arc public Testnet. It allows institutions to execute trades in selected stablecoin currency pairs at competitive prices, reducing counterparty risk and enabling on-chain Settlement, 24/7. Circle Partner Stablecoins: This initiative aims to support selected regional stablecoin issuers in deploying their non-USD stablecoins on Arc. The first partners include Avenia (BRLA), Busan Digital Asset Custody Services (KRW1), Coins.ph (PHPC), covering multiple currencies such as Brazilian Real, KRW, and Philippine Peso. Circle states that StableFX, Partner Stablecoins, and Arc together form a unified stack that connects global currencies on-chain, aiming to elevate forex Settlement from T+1 to real-time Settlement, promoting more efficient global currency flows. (Circle Blog)
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