ChainCatcher news, USDC issuer Circle announced the launch of StableFX, a forex engine based on stablecoins, designed to enable 24/7 on-chain currency trading through its self-developed Arc Blockchain. The product is currently live on the Testnet, with plans to launch on the Mainnet in 2025. StableFX allows institutional users to trade stablecoin currency pairs in real time and provides quotes from multiple liquidity providers. Circle also launched the Circle Partner Stablecoins program, supporting non-USD stablecoins including Avenia (BRLA), Juno (MXNB), and Stablecorp (QCAD). Reports predict that stablecoins could handle $1 trillion in payment volume annually by 2030.
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