TL;DR Circle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlement. The system uses RFQ
- Circle has launched StableFX on its Arc network, enabling 24/7 stablecoin-based foreign exchange settlement for approved institutions.
- The system utilizes RFQ pricing and smart-contract settlement to reduce principal risk through a payment-versus-payment mechanism.
- This initiative aims to integrate traditional financial infrastructure, specifically FX markets, with blockchain technology, using stablecoins as settlement assets.
Topics: Integration with defi, Payment system integration, Asset types, Rwa collateral lending, Stablecoins digital cash, Cross border settlement
Tags: #circle #stablecoin #fxsettlement #arcnetwork #usdc #eurc #paymentversuspayment #institutionalfinance #blockchain
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