TechFlow, November 13 — According to CoinDesk, USDC issuer Circle has announced the launch of StableFX, a stablecoin-based foreign exchange engine designed to enable 24/7 on-chain currency trading via its proprietary Arc blockchain. The product is currently live on testnet and is scheduled to launch on mainnet in 2025. StableFX allows institutional users to trade stablecoin pairs in real time and provides quotes from multiple liquidity providers. Circle also launched the Circle Partner Stablecoins program, supporting non-U.S. dollar stablecoins including Avenia (BRLA), Juno (MXNB), and Stablecorp (QCAD). Reports predict that stablecoins could process $1 trillion in payments annually by 2030.
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